Truist raises Leidos PT after Q1 earnings beat estimates
ReutersMay 7, 2025 12:56 PM
Truist Securities raises price target on defense contractor Leidos Holdings LDOS.N to $175 from $155, rating unchanged at "buy"
The new price target is 13% higher than stock's last close
Truist says Department of Government Efficiency (DOGE) pressure is beginning to abate as Leidos reported a minimal loss of revenue for Q1
"We believe Leidos' ability to enhance efficiency through IT software solutions aligns with DOGE's priorities," says brokerage
"LDOS has experienced some contract cancellations, but the result is very low in the 1% range," Truist adds
Co announced results on Tuesday
Ten of 18 brokerages rate the stock "buy" or higher, eight "hold" ; their median PT is $168 - LSEG data
As of last close, stock had risen 7.4% YTD
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