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Fly News Breaks for February 24, 2017
LDOS
Feb 24, 2017 | 09:06 EDT
Credit Suisse analyst Robert Spingarn raised his price target for Leidos to $65 from $57 as "strong performance" drove guidance boos and accelerated debt paydown. The analyst continues to see relative upside for Leidos from the additional levers enabled by the IS&GS acquisition, from cost synergies, deleveraging, and eventually from revenue synergies. He reiterates an Outperform rating on the shares.
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