SAIC price target raised to $97 from $90 at Goldman Sachs

Goldman Sachs raised the firm’s price target on SAIC to $97 from $90 but keeps a Sell rating on the shares after its Q4 earnings beat and guidance. The company’s enhanced visibility into its expected free cash flow generation in the coming years is an an incremental positive, but the firm remains cautious around SAIC’s forward organic revenue growth rate which has been slow in recent periods, while bookings remain relatively light, the analyst tells investors in a research note.