UPDATE: Jefferies Reiterates Hold Rating, Lowers PT on Leidos Holdings on Updated Estimates

In a report published Friday, Jefferies analyst Jason Kupferberg reiterated a Hold rating on

, but lowered the price target from $38.00 to $36.00. In the report, Jefferies noted, “In the government IT services space, Hold-rated LDOS and SAIC reported their F2Q results this week, and we are updating our F15/F16 revs/EPS ests for both the companies. We are also lowering our Price Target for LDOS from $38 to$36, but raising our Price Target for SAIC from $41 to $44. We maintain our Hold-rating for both the companies.” Leidos Holdings closed on Thursday at $35.12.