JP Morgan Adjusts Targets for Leidos, Group 1, and Wabtec Amid Sector Valuation Review

Key Facts

1JP Morgan lowered Leidos price target from $210 to $160 while maintaining an Overweight rating.

2JP Morgan raised the price target for Westinghouse Air Brake Technologies to $300 from $290.

3The price target for Group 1 Automotive was lowered to $380 while maintaining an Overweight rating.

Amid a broader reassessment of growth prospects and valuations in the defense and industrial sectors, JP Morgan has issued mixed price target adjustments for several key players. The firm notably lowered its price target for Leidos (LDOS) from $210 to $160 while maintaining an Overweight rating. Additionally, the bank raised its target for Westinghouse Air Brake Technologies (Wabtec) to $300 from $290 and lowered Group 1 Automotive's target to $380, citing recent performance reviews and quarterly earnings results.

These adjustments come as the defense sector navigates margin pressures, with Leidos' recent performance showing organic growth challenges compared to peers like Booz Allen Hamilton, which recently raised its annual guidance (per earnings reports). In the automotive space, the cut for Group 1 Automotive reflects a cautious stance on retail sales despite the maintained bullish rating. Per market data, GPI closed at $299.88 and WAB at $261.21 on July 10, 2026, highlighting the valuation gaps analysts are currently recalibrating.

Traders should monitor key technical levels for the impacted equities, with LDOS closing at $107.02 and BRO at $67.66 as of July 10, 2026. While the upcoming economic calendar shows no direct corporate catalysts for these specific firms, the broader market sentiment for capital-intensive industrial stocks remains sensitive to the macro environment following the FOMC minutes released on July 8.