SAIC price target lowered to $127 from $141 at Citi

Citi lowered the firm’s price target on SAIC to $127 from $141 and keeps a Buy rating on the shares. The analyst remains "constructive" on SAIC after the fiscal Q4 print, seeing improving revenue visibility as re-compete win rates return to normal levels and the pipeline of potential new business "remains robust." The firm expects the company’s bookings momentum to remain robust, particularly in the first half of the year, and for SAIC to generate a positive book-to-bill for the full year.