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Fly News Breaks for September 20, 2019
LDOS
Sep 20, 2019 | 06:02 EDT
Barclays analyst David Strauss started Leidos Holdings with an Equal Weight rating and $97 price target. The analyst initiated coverage of U.S. government services and is selective on the stocks given recent outperformance, noting that valuations are now ~10% above large cap defense. The analyst believes Leidos' non-Department of Defense exposure provides support in a future defense downturn, but he sees less margin upside versus peers.
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