Institutions acquire shares in SAIC, while rating agencies downgrade the company to 'Hold'.
Sumitomo Mitsui Trust Holdings, Louisiana State Employees Retirement System, and various institutional investors have recently acquired shares in Science Applications International Co. (SAIC), reflecting institutional interest in the company. SAIC's recent earnings reveal $1.92 EPS for the quarter, meeting analyst expectations. StockNews.com downgraded the company from 'buy' to 'hold', while JPMorgan Chase & Co. and Truist Financial both lowered their target prices and set 'neutral' and 'hold' ratings respectively. The average rating for SAIC is currently 'Hold', with a consensus price target of $125.
August 26, 2024
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