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.
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