SAIC price target raised to $137 from $132 at Wells Fargo

Wells Fargo analyst Matthew Akers raised the firm’s price target on SAIC (SAIC) to $137 from $132 and keeps an Overweight rating on the shares following quarterly results. The firm says SAIC needs margins to step up meaningfully to hit full-year guidance. On the positive side, B/B has started to inflect higher, and SAIC laps its big NCAPS recompete loss late this year.