SAIC price target raised to $157 from $122 at Wells Fargo

Wells Fargo raised the firm’s price target on SAIC to $157 from $122 and keeps an Equal Weight rating on the shares. SAIC’s Q2 results were ahead of expectations, and the company has accelerated its contract bids, which the firm looks to translate to orders, as well as progress toward expected second half margin uptick before getting more positive, the analyst tells investors in a research note.