A authorities contractor Stifel deemed "The Terminator" might be top-of-the-line bets to guide the market again after the coronavirus sell-off, in line with Wall Avenue analysts.
Analysts have been getting behind Leidos because the outbreak has unfold around the globe. Within the final three weeks, Wells Fargo and Stifel upgraded the inventory to purchase. Argus hiked its value goal to $135 per share from $92, citing a robust fourth-quarter. JPMorgan made it one in every of 5 data know-how corporations in its "COVID-19 Outperformers Basket."
Leidos, which has a market cap of about $15 billion, is an data know-how firm that will get a big chunk of its revenues from the protection and well being care sectors. It has made some huge acquisitions in recent times, together with shopping for data techniques phase of Lockheed Martin in 2016 for about $4.6 billion and a $1.65 billion deal for Dynetics that closed earlier this 12 months.
The coronavirus outbreak, which has led to a dramatic market pullback amid...
Supply cnbc.com