Analysts Bump Up SAIC Price Target Post Q1 Results

• Science Applications International Corp (NYSE:SAIC) price target was raised by Cowen and Barclays post its Q1 results.
• Cowen analyst Cai von Rumohr raised the price target to $120 (an upside of 29%) from $111 while maintaining the Outperform rating on the shares.
• The analyst stated that SAIC's Q1 results were solid but noted revenues will ease in Q2 and Q3 as lost contracts transition out.
• Related: SAIC Tops Q1 Aided By Ramp-Up In Contracts, Halfaker; Boosts Buyback
• Barclays analyst Colin Canfield raised the price target to $95 (an upside of 2.3%) from $90 while maintaining the Equal Weight rating on the shares.
• Price Action: SAIC shares are trading lower by 2.01% at $92.85 on the last check Wednesday.
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