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Fly News Breaks for August 25, 2016
LLL
Aug 25, 2016 | 06:39 EDT
JPMorgan analyst Seth Seifman upgraded L-3 Communications to Overweight and raised its price target to 182 from $158. Seifman said L-3's turnaround is already underway but sees further free-cash-flow growth and further valuation upside. The analyst said L-3's 8% yield on 2017 free-cash-flow is 33% above the peer group and and has relatively smaller pension headwinds, leaving more cash available for deployment elsewhere.
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