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Fly News Breaks for August 7, 2017
LLL
Aug 7, 2017 | 07:42 EDT
Goldman analyst Nosh Poponak added L3 Technologies to the Conviction Buy List and raised its price target to $204 from $195 saying he favors increased exposure to Defense given the current industry cycle position, geopolitics, and Department of Defense budget dynamics. Poponak believes revenue growth can grow faster than the group due to new growth drivers and finds valuation attractive.
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