Leidos price target raised to $195 from $188 at Truist

Truist analyst Tobey Sommer raised the firm’s price target on Leidos (LDOS) to $195 from $188 and keeps a Buy rating on the shares as part of a broader research note previewing Q3 results for Government Services. The firm recommends buying the stock if the group is weak on subpar B2Bs in Q3, a potential government shutdown, and lengthy continuing resolution, as it anticipates B2Bs improving in the first half of 2026 and organic growth accelerating by about 3 points in Q3 of FY26 to Q1 of FY27, the analyst tells investors in a research note. A shutdown is likely to dominate near term headlines, but Truist sees a rosier award picture for the group in the medium term as OBBBA funding opportunities are announced and obligated, the firm added.