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Fly News Breaks for March 19, 2015
LDOS
Mar 19, 2015 | 06:43 EDT
Citigroup believes the market may be missing some of the positives going on at Leidos, namely improving margins at the company's Health & Engineering Segment and its excess cash position. Citi thinks next Wednesday's Q4 earnings report could lead to investors better appreciating these positives, driving higher consensus estimates and share upside. The firm calls Leidos its top services pick given the company's turnaround potential. It has a Buy rating on the name with a $55 price target. The stock closed Wednesday up 9c to $43.92.
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