Leidos price target raised to $100 from $90 at RBC Capital

RBC Capital analyst Ken Herbert raised the firm’s price target on Leidos to $100 from $90 and keeps a Sector Perform rating on the shares after its Q2 earnings beat. The company’s new CEO has also laid out a strong focus on execution, and this was well received by investors, the analyst tells investors in a research note. RBC added that with the forecast for the second-half of the year de-risked, the 2024-2025 outlook is now the focus.