Stifel analyst Bert Subin raised the firm’s price target on Leidos to $119 from $116 and keeps a Buy rating on the shares. With CEO Tom Bell in place since May, Stifel does not foresee major changes to the portfolio, but thinks there will be more emphasis on profitability and maximizing business performance, which could lead to certain parts of the business receiving more resources and others potentially being deprioritized, potentially resulting in more margin upside in the medium-term, the analyst tells investors in a research note.
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