Leidos price target raised to $175 from $155 at Truist

Truist raised the firm’s price target on Leidos (LDOS) to $175 from $155 and keeps a Buy rating on the shares after its Q1 earnings beat. DOGE pressures are beginning to abate as most companies report a minimal amount of lost revenue, the analyst tells investors in a research note. Leidos has also disclosed a “very low in the 1% range” impact from the government efficiency initiatives to date, and the company’s pending cyber acquisition is seen “favorably”, the firm adds.