Fly News Breaks for February 19, 2020
Feb 19, 2020 | 08:58 EDT
SunTrust analyst Tobey Sommer raised his price target on Leidos (LDOS) to $135 and kept his Buy rating after its "strong" Q4 results and FY20 guidance upside. The analyst also expects the company's recently secured N-GEN contract and acquisitions of Dynetics and L3Harris's (LHX) Security and Automation business to drive its margin expansion in the coming years, adding that its FY20 margin outlook is likely "conservative".
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