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Fly News Breaks for March 26, 2015
LDOS
Mar 26, 2015 | 06:11 EDT
Citigroup says Leidos's cash guidance missed expectations by $100M, which played a role in the 10% sell-off yesterday in shares. Citi views the company as a turnaround story, pointing out it will take time to play out. It lowered its price target for shares to $49 from $55 and reiterates a Buy rating on the name.
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