Truist Securities Maintains Hold on Science Applications Intl, Raises Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Tobey Sommer has maintained a Hold rating on Science Applications Intl (NYSE:SAIC) and increased the price target from $115 to $130.
December 05, 2023 | 2:42 pm
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Truist Securities reaffirmed a Hold rating on SAIC, while raising the price target from $115 to $130, indicating a positive outlook on the stock's value.
The increase in price target by Truist Securities suggests that the analyst sees more value in SAIC than previously estimated, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Hold rating indicates that the analyst does not see significant momentum or changes in the company's fundamentals that would justify an upgrade to Buy.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100