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Fly News Breaks for May 16, 2019
LMT, LDOS
May 16, 2019 | 07:24 EDT
Argus analyst John Eade raised his price target on Leidos (LDOS) to $82 and kept his Buy rating after its recent Q1 earnings beat. The analyst believes that the company's revenue growth could pick up given the "positive bookings trends" as well as a favorable political backdrop for defense companies with budgets for this year being set at record levels. Eade adds that his view of the company's merger with Lockheed Martin's (LMT) Information Systems & Global Solutions unit is a positive.
News For LDOS;LMT From the Last 2 Days
