JP Morgan lifts Leidos PT on defense-led growth

JP Morgan raises PT on defense contractor Leidos Holdings LDOS.N to $230 from $205, maintains rating at "overweight"

New PT shows an upside of 18% from the stock's last close

Brokerage says Leidos is set to grow next year, led by defense and intelligence programs, while health services face headwinds and international opportunities remain mixed

Adds co has strong cash reserves and low debt, giving it flexibility for both acquisitions and buy backs

Ten of seventeen brokerages rate the stock "buy" or higher, seven "hold" ; their median PT is $218- data compiled by LSEG

Stock up 35.2% YTD, as of last close