Truist raised the firm’s price target on Leidos to $135 from $115 and keeps a Buy rating on the shares. The company reported upside Q4 results but issued a mixed 2024 outlook with stronger margins but slower growth, the analyst tells investors in a research note. The firm adds that it is optimistic about Leidos’ strategy to realize potential in the existing portfolio, improve operations and reignite the company’s business development engine.
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