Deutsche Bank Upgrades L-3 Communications (LLL) to Buy; Against the Grain
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Price: $86.78 +0.02%
Rating Summary:
1 Buy, 11 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 24 | New: 24
Rating Summary:
1 Buy, 11 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 24 | New: 24
Trade LLL Now!
Deutsche Bank upgraded L-3 Communications (NYSE: LLL) to Buy with a price target of $77.00.
Deutsche analyst says, "Worst Baked In; Relative Mean Reversion Set to Play Out - We believe the 15% relative discount that has emerged between L-3 and the defense peer group coupled with a lack of interest on the Street (1 buy, 16 neutrals, 2 sells) provides an opportunity to upgrade with likely the worst priced in. Particularly compelling remains the company's 17% free cash flow yield, likely increasing dividend and modest guidance risk."
For an analyst ratings summary and ratings history on L-3 Communications click here. For more ratings news on L-3 Communications click here.
Shares of L-3 Communications closed at $66.91 yesterday, with a 52 week range of $58.30-$88.55.
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Deutsche analyst says, "Worst Baked In; Relative Mean Reversion Set to Play Out - We believe the 15% relative discount that has emerged between L-3 and the defense peer group coupled with a lack of interest on the Street (1 buy, 16 neutrals, 2 sells) provides an opportunity to upgrade with likely the worst priced in. Particularly compelling remains the company's 17% free cash flow yield, likely increasing dividend and modest guidance risk."
For an analyst ratings summary and ratings history on L-3 Communications click here. For more ratings news on L-3 Communications click here.
Shares of L-3 Communications closed at $66.91 yesterday, with a 52 week range of $58.30-$88.55.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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