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Fly News Breaks for February 25, 2020
LDOS, PRSP
Feb 25, 2020 | 16:46 EDT
Morgan Stanley analyst Matthew Sharpe upgraded Perspecta (PRSP) to Equal Weight from Underweight with a price target of $25, up from $23. The recent $7.7B Navy IT services contract loss to Leidos (LDOS) removes an overhang to the stock's narrative, Sharpe tells investors in a research note. The analyst sees a more balanced risk/reward profile and limited downside risk following the stock's recent selloff.
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