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Fly News Breaks for February 5, 2020
Feb 5, 2020 | 08:09 EDT
SunTrust analyst Tobey Sommer raised his price target on Leidos (LDOS) to $117 and kept his Buy rating after its announced acquisition of L3HarrisTechnologies' (LHX) Security Detection and Automation businesses for $1B. The analyst is positive on Leidos' "aggressive" push into this product space with its second large acquisition and sees the assets offering "significant natural synergies" to the company's existing security portfolio.
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