Leidos price target lowered to $173 from $191 at Wells Fargo

Wells Fargo lowered the firm’s price target on Leidos (LDOS) to $173 from $191 and keeps an Overweight rating on the shares. Earnings may not matter as much as what happens with tariffs between now and then, the firm says. Wells would lean defensive, but large cap Defense remains tough until budget certainty arrives later this year.