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Fly News Breaks for October 28, 2016
LLL
Oct 28, 2016 | 07:04 EDT
Baird analyst Peter Arment initiated L-3 Communications with an Outperform and a $184 price target. The analyst said the 7% pullback in shares on the softer growth outlook creates a solid entry point for long-term investors as defense tailwinds remain intact. Arment said cost reduction efforts combined with recovering margins in Aerospace Systems supports buying on the pullback.
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