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SAIC price target lowered to $111 from $121 at UBS

UBS lowered the firm’s price target on SAIC (SAIC) to $111 from $121 and keeps a Neutral rating on the shares. Margins were weak in the quarter, but targets were reiterated and UBS believes the selloff is overdone, the analyst tells investors in a research note. At the same time, the firm says macro concerns are likely to persist.

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