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Fly News Breaks for January 26, 2018
LLL
Jan 26, 2018 | 10:05 EDT
SunTrust analyst Michael Ciarmoli raised his price target on L3 Technologies to $253 and kept his Buy rating after Q4 earnings. The analyst says the strong results were driven by tax gains and sees the management's efforts at transformation progressing faster than expected. Ciarmoli anticipates an increased buyback activity given that the company has "ample dry powder".
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