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Fly News Breaks for May 2, 2019
HRS, LLL
May 2, 2019 | 08:46 EDT
SunTrust analyst Michael Ciarmoli raised his price target on L3 Technologies (LLL) to $265 and kept his Buy rating after its Q1 beat on revenue and earnings driven by "strong" organic growth. The analyst also cites the company's "robust order flow" and expects the "powerful combination" with Harris (HRS) to benefit from the current defense spending trends of upgraded "comms, radars, and ISR capabilities."
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