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Fly News Breaks for February 3, 2016
HRS
Feb 3, 2016 | 08:51 EDT
After Harris reported lower than expected Q2 revenue but higher than expected EPS, Sterne Agee CRT says that the company was hurt by weak spending trends. However, the firm continues to expect the company to benefit from improved spending trends n fiscal 2017, and it notes that the company's free cash flow rose $250M sequentially last quarter, The firm keeps a $95 price target and Buy rating.
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