SAIC downgraded to Hold from Buy at TD Cowen

TD Cowen analyst Gautam Khanna downgraded SAIC (SAIC) to Hold from Buy with a price target of $120, down from $155. SAIC is a “turnaround with peer-lagging organic growth,” in a sector beset by negative sentiment that is unlikely to change anytime soon, as the Trump Administration hasn’t taken office yet, he analyst tells investors in a research note. The firm prefers stronger organic growth stories in the group “despite valuation differences.”