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Fly News Breaks for July 10, 2019
LLL
Jul 10, 2019 | 06:57 EDT
UBS analyst Myles Walton raised his price target on L3Harris Technologies to $200 after the closed L3 - Harris merger, saying the combined entity is positioned to "capitalize" on the current defense spending upcycle that is expected to generate a 10% growth in 2019. The analyst also keeps his Neutral rating on the shares, noting that the value creation from the merger has been mostly priced into the stock.
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