Wells Fargo analyst Matthew Akers raised the firm’s price target on Leidos to $137 from $129 and keeps an Overweight rating on the shares. The firm believes the company’ 2024 outlook appears achievable with upside if recent demand strength continues but adequate margin if federal spending is disrupted.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on LDOS:
- Leidos Holdings Inc Is Worried About This – Should You Be Worried Too?
- Leidos Holdings Unveils New Segment-Based Financial Structure
- Leidos sees FY24 EPS $7.50-$7.90, consensus $7.60
- Leidos Holdings, Inc. Reports Fourth Quarter and Fiscal Year 2023 Results
- Leidos reports Q4 EPS $1.99, consensus $1.74