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Leidos upgraded to Buy from Hold at Jefferies

Jefferies analyst Sheila Kahyaoglu upgraded Leidos (LDOS) to Buy from Hold with a price target of $205, up from $185. The firm cites the potential for Leidos to benefit from Department of Defense priorities such as FAA, Maritime, and Golden Dome as well as the company’s position as an “AI beneficiary” and upside from valuing Defense Systems on a Defense Tech multiple.

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