Argus Starts Leidos Holdings (LDOS) at Buy

Argus initiates coverage on Leidos Holdings (NYSE: LDOS) with a Buy rating and a price target of $54.00.

The firm notes Leidos recently merged with Lockheed’s Information Systems & Global Solutions unit. They have a positive view of the merger, which should reduce the combined company’s dependence on government contracts and provide significant revenue and cost synergies.

LDOS is trading at just 12.9-times the firm's 2017 EPS forecast, well below the average of 20.5 for peer IT services companies.

For an analyst ratings summary and ratings history on Leidos Holdings click here. For more ratings news on Leidos Holdings click here.

Shares of Leidos Holdings closed at $41.55 yesterday.

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