Truist lowered the firm’s price target on Leidos (LDOS) to $165 from $185 and keeps a Buy rating on the shares following “strong” Q4 results. The group traded down on news of Department of Government Efficiency cutting contracts at the Department of Education and the firm think the weakness in Leidos is overdone, Truist told investors in a research note. The firm added that it sees 2025 as a pivot year and anticipates a return to mid-single-digit growth with margin expansion in 2026.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LDOS:
- Leidos reports Q4 non-GAAP EPS $2.37, consensus $2.28
- Leidos sees FY25 non-GAAP EPS $10.35-$10.75, consensus $10.54
- LDOS Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Cantor Fitzgerald begins coverage of five in ‘GovTech’ with three buys
- Leidos initiated with an Overweight at Cantor Fitzgerald
