RBC Capital raised the firm’s price target on Leidos (LDOS) to $230 from $210 and keeps an Outperform rating on the shares. The company’s earnings topped estimates, driven by continued strength in Health & Civil margins, the analyst tells investors in a research note. RBC adds that Leidos’s 1.3x book-to-bill and $69B near-term pipeline is robust, though the ongoing shutdown contributed to a more conservative 2025 guidance raise.
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