Leidos price target raised to $145 from $120 at Argus

Argus raised the firm’s price target on Leidos to $145 from $120 and keeps a Buy rating on the shares. The company is well positioned to take advantage of defense spending trends that focus on cybersecurity and data analytics, among other priorities, its bookings and the backlog are both growing, and margins are starting to improve, the analyst tells investors in a research note. Leidos has also brought on a new CEO and has signaled confidence in the future with a hike to the dividend, the firm added.