Information Provided By:
Fly News Breaks for February 26, 2018
LDOS
Feb 26, 2018 | 05:00 EDT
Citi analyst Jonathan Raviv attributes the mixed stock performance of Leidos following the company's Q4 results to a perceived sales and cash guidance miss. The analyst, however, believes the initial 2018 outlook appears conservative with underlying trends, in addition to the stock buyback, supporting continued upside. He raised his price target for Leidos to $75 from $71 and keeps a Buy rating on the shares.