Morgan Joseph Starts L-3 Communications Holdings (LLL) At Hold

May 14, 2009 9:25 AM EDT

Morgan Joseph Starts L-3 Communications Holdings (NYSE: LLL) at Hold. Morgan Joseph said L-C Communications has been characterized by a series of numerous acquisitions, but the new management has changed the focus to now integrating the acquired companies. Morgan Joseph does think L-3 Communications is taking the right steps, but doubts whether investors accustomed to high growth rates will be patient with L-3 shares.

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