BUZZ-Leidos falls after BofA cuts rating, PT

Leidos Holdings, Inc.

Leidos Holdings, Inc.

LDOS

0.00

** Defense contractor Leidos' shares LDOS.N fall 2.1% to $111.20 premarket

** BofA cuts PT to $125 from $200, still representing a 10% upside to the stock's last close

** Brokerage downgrades rating to "neutral" from "buy", to reflect increasing pressure across LDOS' "once blooming" healthcare portfolio

** "While we anticipate LDOS will be able to leverage its existing capabilities and network to win business in managed health, increasing competition in the healthcare sector limits future upside."

** Eight of 19 brokerages rate the stock "buy" or higher and 11 "hold"; their median PT is $179

** Up to Tuesday's close, stock had fallen 37% YTD


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