SAIC price target raised to $143 from $141 at Wells Fargo

Wells Fargo analyst Matthew Akers raised the firm’s price target on SAIC to $143 from $141 and keeps an Equal Weight rating on the shares. Additional investments will pressure margins, offsetting improved top-line outlook, but should help strengthen the bid pipeline over next 12-18 months, with B/B expected to improve in fiscal year 2025, the firm says.