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Fly News Breaks for May 19, 2016
LLL
May 19, 2016 | 06:42 EDT
RBC Capital analyst Robert Stallard upgraded L-3 Communications to Outperform and increased his price target to $150 from $137. Following management meetings, the analyst has increased confidence L-3 is on track to achieve its long-term operating margin goals and improved execution. Additionally, Stallard said recent portfolio and balance sheet moves will improve L-3's ability to deploy cash on M&A and for shareholder returns.
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