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Fly News Breaks for October 15, 2018
LLL, HRS
Oct 15, 2018 | 08:29 EDT
Cowen analysts Gautam Khanna and Cai Von Rumohr said the proposed merger between L3 Technologies (LLL) and Harris (HRS) looks like a very good fit with above average cost synergy potential. They believe the deal is likely to be a winner and although there are areas of overlap they do not believe it will be a problem. Von Rumohr reiterated his Outperform rating on L3 Technologies and Khanna reiterated his Outperform rating on Harris Corp. shares.
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