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Jefferies trims Leidos PT on soft 2026 outlook

ReutersFeb 23, 2026 11:46 AM

Jefferies cuts PT on defense contractor Leidos LDOS.N to $215 from $230, rating maintained at "buy"

New PT implies an upside of 24% from the stock's last close

Brokerage flags soft 2026 outlook as the key overhang, pointing to continued weakness in health segment and the slip of several major awards into early next year

Adds that co's sharply higher 2026 capex will temporarily push free cash flow down and limit buyback activity

Eight of 16 brokerages rate the stock "buy" or higher, eight "hold"; their median PT is $215- data compiled by LSEG

As of last close, shares down 3.8% YTD

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