Wells Fargo Adjusts SRX Model To Reflect Platinum Solutions Acquisition

Wells Fargo is adjusting its SRA International, Inc. SRX model to (only) reflect the acquisition of Platinum Solutions. “Our FY2011 EPS estimate increases to $1.41 from $1.40 and our FY2012 EPS estimate increases to $1.52 from $1.50,” Wells Fargo writes. “We maintain our Market Perform investment rating, as the government funding environment is challenging and SRX's organic growth remains tepid.” SRA International closed Tuesday at $21.27.