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Fly News Breaks for December 30, 2015
LLL
Dec 30, 2015 | 06:36 EDT
Jefferies analyst Howard Rubel raised his estimates for L-3 Communications to reflect the benefit from the Research & Experimentation Tax Credit extension. The Protecting Americans from Tax Hike Act of 2015 included a section making permanent the R&E Tax Credit, Rubel points out. He raised his 2015 earnings per share estimate to $6.85 from $6.63 and 2016 estimate to $7.25 from $7.00. The analyst keeps a Hold rating on the name.
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