JPMorgan lowered the firm’s price target on SAIC (SAIC) to $110 from $125 and keeps an Overweight rating on the shares. The firm adjusted targets in the aerospace and defense group as part of a Q1 preview. “War-related market moves and sentiment swings should drive stocks at least as much as fundamentals,” the analyst tells investors in a research note. JPMorgan believes original equipment and engines “seem more protected” in aerospace.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SAIC:
- Science Applications Adds AI and Cybersecurity Leaders to Board
- SAIC price target lowered to $120 from $133 at Citi
- Booz Allen, CACI best positioned in Federal for cyber priorities, says Jefferies
- SAIC price target lowered to $100 from $110 at Jefferies
- SAIC price target lowered to $95 from $110 at Truist