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Fly News Breaks for August 28, 2017
HRS
Aug 28, 2017 | 04:49 EDT
Credit Suisse analyst Robert Spingarn initiated Harris with a $144 price target saying it has transformed into a learner leading Tier 1/Tier 2 defense contractor following the exit from its low margin, non-core businesses and fixed other underperforming legacy Exelis contracts. The analyst believes Harris is well positioned as we enter a new multi year defense cycle with industry leading margins and free cash flow.
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