UPDATE: RBC Capital Starts Leidos Holdings (LDOS) at Sector Perform
Get Alerts LDOS Hot Sheet
Rating Summary:
15 Buy, 4 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 1
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RBC Capital analyst Ken Herbert initiates coverage on Leidos Holdings (NYSE: LDOS) with a Sector Perform rating and a price target of $106.00.
The analyst comments "We initiate coverage of Leidos Holdings (LDOS) at Sector Perform with a $106 price target. As the leading government service firm, LDOS is well positioned to benefit from expanding opportunities, margin stability as programs mature, and as the Dynetics business accelerates into 2023-2024. However, we believe investors are waiting for better clarity on the defense product and M&A strategy. We believe execution to the 2024 plan is priced into the stock. Our $106 PT is based on a 15.0x multiple applied to our 2023 FCF estimate, comparable to its 10-year average."
For an analyst ratings summary and ratings history on Leidos Holdings click here. For more ratings news on Leidos Holdings click here.
Shares of Leidos Holdings closed at $97.20 yesterday.
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