Leidos price target raised to $145 from $125 at BofA

BofA analyst Mariana Perez Mora raised the firm’s price target on Leidos to $145 from $125 and keeps a Buy rating on the shares. The firm continues to be encouraged by Leidos’ strategic realignment into five new business segments focused on specific offerings and highlights that this is not a “major restructuring,” but rather a realignment to recognize capability synergies, optimize business development efforts, improve organic growth, and boost quality margin expansion. The firm thinks this realignment will help the company better meet mission objectives and strengthen new and existing relationships with customers, the analyst tells investors.