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LLL

L3 Technologies

$194.64

-0.41 (-0.21%)

09:05
12/07/17
12/07
09:05
12/07/17
09:05

L3 Technologies price target raised to $212 from $206 at Credit Suisse

Credit Suisse analyst Robert Spingarn raised his price target for L3 Technologies saying the turnaround continues and the growth story looks up. The analyst reiterates an Outperform rating on the shares.

LLL L3 Technologies
$194.64

-0.41 (-0.21%)

12/06/17
RBCM
12/06/17
UPGRADE
RBCM
Outperform
L3 Technologies upgraded to Outperform from Sector Perform at RBC Capital
12/06/17
RBCM
12/06/17
UPGRADE
Target $239
RBCM
Outperform
L3 Technologies upgraded to Outperform at RBC Capital on margin improvement view
As reported earlier, RBC Capital analyst Matt McConnell upgraded L3 Technologies to Outperform from Sector Perform and raised his price target to $239 from $202 following the company's investor day presentation. McConnell says the event highlighted the company's position combining the "best-in-defense runway for operating margin improvement, near-term organic growth acceleration, and bolt-on M&A potential". The analyst also believes in the "credible path to continued margin improvement" that was presented by incoming CEO Chris Kubasik, as well as L3's aspirations to capture more large platform sales.
12/06/17
12/06/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. AIG (AIG) upgraded to Hold from Sell at Deutsche Bank with analyst Joshua Shanker sayign the stock "might have found a bottom" after dropping 8% since the third quarter results on November 2. Brown & Brown (BRO) upgraded to Buy from Hold at SunTrust with analyst Mark Hughes saying the company stands to benefit from commission gains in the Florida market, contribution from the company's sales incentive program, reduced investments costs, and the anticipated tax reform impact which could add up to 55c to the fiscal 2019 earnings per share target of $2.25. 3. L3 Technologies (LLL) upgraded to Outperform from Sector Perform at RBC Capital with analyst Matt McConnell citing the company's investor day presentation. McConnell says the event highlighted the company's position combining the "best-in-defense runway for operating margin improvement, near-term organic growth acceleration, and bolt-on M&A potential". 4. Carnival (CCL) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Jamie Rollo stating that the firm's survey of U.S. travel agents suggested strong demand for cruises in November, which he notes is usually a slow month for bookings. 5. Express Scripts (ESRX) upgraded to Market Perform from Underperform at Bernstein with the firm citing improved upside risks from potential policy and competitor actions and valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/07/17
SBSH
12/07/17
NO CHANGE
Target $230
SBSH
Buy
L3 Technologies price target raised to $230 from $205 at Citi
Citi analyst Jonathan Raviv raised his price target for L3 Technologies to $230 saying he left Tuesday's analyst day incrementally positive based on CEO-elect Chris Kubasik's plan to position the company as the "6th prime" as it moves up the value chain. The analyst keeps a Buy rating on the shares.

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