SAIC price target raised to $160 from $155 at Citi

Citi raised the firm’s price target on SAIC to $160 from $155 and keeps a Buy rating on the shares. The company’s Q2 results were better than expectations and full-year earnings guidance moved modestly higher, both driven by lower taxes, the analyst tells investors in a research note. The firm says bidding activity remains robust, particularly in Civil.