Leidos price target raised to $220 from $165 at BofA

BofA raised the firm’s price target on Leidos (LDOS) to $220 from $165 and keeps a Buy rating on the shares. The largest national security services provider for the U.S. government is reaping the benefits of the refocus as the the “North Star” strategy is beginning to take hold and “we think this is just the beginning,” the analyst tells investors. The firm sees pathways for continued outperformance across all segments, the analyst added.