Jefferies Starts Leidos Holdings (LDOS) at Hold

Jefferies initiates coverage on Leidos Holdings (NYSE: LDOS) with a Hold rating and a price target of $56.00.

Analyst Amit Singh cited: "1) Unlike SAIC, LDOS displayed choppy execution coming out of the spin-off transaction on 9/27/13; however, execution has been solid over the last three quarters, likely indicating the company is getting back on track, 2) Recent solid contract award trends to help organic revenue growth over the next few years, 3) Headwinds from in-theater (OCO) exposure bottoming, 4) Margins expected to expand over the longterm, 5) Good free cash flow generation profile and capital deployment strategy, and 6) Relatively low leverage ratio."

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 $56.19 yesterday.

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