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Fly News Breaks for May 15, 2019
LDOS
May 15, 2019 | 08:04 EDT
Credit Suisse analyst Robert Spingarn raised hi price target for Leidos to $88 from $82 following the company's Investor Day. The analyst notes that core competencies are driving backlog growth, which supports revenue and cash flow inflection and fuels shareholder-friendly capital deployment. Spingarn reiterates an Outperform rating on the shares.
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