Government Services upgraded to Market Weight at Wells Fargo Wells Fargo upgraded the Government Services sector to Market Weight from Underweight citing a stable outlook for Federal Funding and an improved pace of award activity. Along with the sector, Wells upgraded Booz Allen (BAH), CACI (CACI), Leidos (LDOS), ManTech (MANT) and NCI, Inc. (NCIT) to Market Perform from Underperform. The firm keeps Market Perform ratings on ICF International (ICFI) and SAIC (SAIC).
ManTech upgraded to Market Perform from Underperform at Wells Fargo Wells Fargo upgraded ManTech to Market Perform and other names in the Government Services space citing a stable outlook for federal funding and an improved pace of award activity. Wells its price target range for shares to $27-$29 from $21-$23.