Market Overview

Bank of America Reiterates Underperform on L-3 Communications Holdings Following Meeting with CFO

Share:
Related LLL
Sectors and Stocks To Watch If Hillary Clinton Is Elected
How The U.K.'s Exit From The EU Might Affect Aerospace, Defense Stocks
More on L-3 Communications' Q2 (Seeking Alpha)

In a report published Monday, Bank of America reiterated its Underperform rating and $77.00 price target on L-3 Communications Holdings (NYSE: LLL).

Bank of America noted, “We hosted a lunch meeting with Ralph D'Ambrosio, SVP and CFO of L-3 Communications on Friday. We walked away from the meeting with a better understanding of the competitive backdrop for LLL. However, considering the fiscal pressure on the Department of Defense and uncertainty regarding the budget, we remain comfortable with our conservative estimates. We are leaving our PO of $77 unchanged.”

L-3 Communications Holdings closed on Friday at $77.18.

Latest Ratings for LLL

DateFirmActionFromTo
Jul 2016JefferiesMaintainsHold
Jun 2016Deutsche BankMaintainsBuy
May 2016RBC CapitalUpgradesSector PerformOutperform

View More Analyst Ratings for LLL
View the Latest Analyst Ratings

Posted-In: Bank of AmericaAnalyst Color Reiteration Analyst Ratings

 

Related Articles (LLL)

View Comments and Join the Discussion!