Leidos price target lowered to $197 from $199 at Wells Fargo

Wells Fargo analyst Matthew Akers lowered the firm’s price target on Leidos (LDOS) to $197 from $199 and keeps an Overweight rating on the shares. The firm sees upside to Leidos’ 2025 outlook for both top line and margins. Based on its callback, Wells doesn’t see much to pick at in the company’s results, but thinks DOGE overhang needs to clear for the stock to start working again.