Leidos price target raised to $228 from $205 at Goldman Sachs
The Fly

Leidos price target raised to $228 from $205 at Goldman Sachs

Goldman Sachs analyst Noah Poponak raised the firm’s price target on Leidos (LDOS) to $228 from $205 and keeps a Buy rating on the shares. The company’s Q3 results were well ahead of consensus estimates across key metrics, most notably margins, while its management’s forward commentary points to sustainability of the upside, the analyst tells investors in a research note. Leidos now has higher consolidated margins than nearly all of its peers in Government IT, the firm added.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App