Jefferies Downgrades Exelis (XLS) to Hold
Get Alerts XLS Hot Sheet
Price: $24.66 --0%
Rating Summary:
1 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
1 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Jefferies downgraded Exelis (NYSE: XLS) from Buy to Hold on valuation as shares approach their price target of $20.
Analyst Howard A. Rubel comments, "We initiated coverage on Oct. 1, 2012 at $10.34 with a BUY. The S&P 500 closed that day at 1,441. The shares have been trading close to our Price Target of $20 and have returned 93% vs. a market return of approximately 30% for the period."
The firm also cut FY 2014 EPS estimates from $1.67 to $1.55 and FY 2015 EPS from $1.75 to $1.60.
For an analyst ratings summary and ratings history on Exelis click here. For more ratings news on Exelis click here.
Shares of Exelis closed at $19.70 yesterday.
Analyst Howard A. Rubel comments, "We initiated coverage on Oct. 1, 2012 at $10.34 with a BUY. The S&P 500 closed that day at 1,441. The shares have been trading close to our Price Target of $20 and have returned 93% vs. a market return of approximately 30% for the period."
The firm also cut FY 2014 EPS estimates from $1.67 to $1.55 and FY 2015 EPS from $1.75 to $1.60.
For an analyst ratings summary and ratings history on Exelis click here. For more ratings news on Exelis click here.
Shares of Exelis closed at $19.70 yesterday.
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