Leidos price target raised to $230 from $183 at Wells Fargo

Wells Fargo raised the firm’s price target on Leidos (LDOS) to $230 from $183 and keeps an Overweight rating on the shares. The firm says Leidos’ outlook for low-single-digit growth and “12% range” margins in 2025 looks beatable, and Wells is ahead on both. Stock continues to look cheap relative to its closest Fed IT peers, the firm adds.