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Fly News Breaks for August 19, 2015
XLS, HRS
Aug 19, 2015 | 08:34 EDT
Sterne Agee CRT says that Harris' (HRS) acquisition of Exelis (XLS) gives it the opportunity to divest its non-core assets. The firm thinks that these divestments would decrease Harris' valuation discount versus its peers. The firm keeps a $90 price target and Buy rating on Harris.
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