Jefferies Maintains Buy on ManTech Int'l

Jefferies is out with its report today on ManTech Int'l MANT, maintaining Buy. In a note to clients, Jefferies writes, "After spending two days on the road with management, we came away with a reinforced belief that visibility to guidance is excellent, with over 90% of revenue in hand despite the CR in Q2. Importantly, the slowdown in bookings from the CR could reverse nicely in Q3, according to mgt. We also believe that we could see a specific carve-out for cyber security in the F12 budget in the $17B range, a skill set where MANT excels." Jefferies maintains a $52 PT on MANT. Shares of MANT closed Tuesday at $44.66, up 0.36% from Friday's close.