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Fly News Breaks for April 28, 2017
LLL
Apr 28, 2017 | 08:12 EDT
Credit Suisse analyst Robert Spingarn raised his price target for L3 Technologies to $193 from $183 following a Q1 beat. The analyst says the modest, sales-driven boost to 2017 guidance still appears to result in a relatively conservative forecast, pointing out that Q1 margins were relatively in-line with expectations and should improve through the year, with some upside potential, particularly at Sensor Systems. He reiterates an Outperform rating on the shares.
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