JP Morgan Downgrades Science Applications Intl to Neutral, Raises Price Target to $142
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Seth Seifman downgraded Science Applications Intl (NYSE:SAIC) from Overweight to Neutral but increased the price target from $130 to $142.

December 05, 2023 | 12:54 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
JP Morgan downgraded SAIC to Neutral but raised the price target to $142, indicating mixed sentiment.
The downgrade to Neutral suggests that JP Morgan sees limited upside potential or increased risk in SAIC's stock, which could lead to a neutral or slightly negative short-term impact on the stock price. However, the increase in the price target to $142 implies a belief in the company's solid fundamentals or future growth prospects, which could counterbalance the negative sentiment from the downgrade. The mixed signals may result in a neutral short-term impact as the market digests both pieces of information.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100