SAIC upped to outperform by Wachovia

LONDON (MarketWatch) — SAIC Inc. was upgraded to outperform from market perform by Wachovia, after the contractor’s results late Wednesday. “We base this on market leadership positioning, relatively stable funding environment, increasingly proven public company management, higher and greater comfort in our fiscal 2009 and 2010 estimates, a more predictable government sector now relatively more appealing to investors than the still weak commercial sector, and attractive valuation,” the broker said.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Original post by Forextvblog

This entry was posted on Thursday, September 4th, 2008 at 4:53 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.