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Leidos price target lowered to $110 from $120 at Truist
The Fly

Leidos price target lowered to $110 from $120 at Truist

Truist lowered the firm’s price target on Leidos to $110 from $120 after its Q1 earnings miss but keeps a Buy rating on the shares and notes that the "company is not broken". The stock is trading at a rare 20% discount to the group multiple, and Leidos shares are an "aggressive Buy" here even with a profit miss, expectations for slightly lower consensus estimates, and CEO transition, the analyst tells investors in a research note.

Published first on TheFly

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