Market Overview

UPDATE: L-3 Communications Downgraded at Bank of America

Related LLL
L-3 Communications Misses Q3 EPS, Guides Lower
Earnings Scheduled For October 30, 2014

A report published Tuesday morning by Bank of America has downgraded L-3 Communications Holdings (NYSE: LLL) from Neutral to Underperform, according to analyst Ronald Epstein. Price target remains at $106.

Epstein noted, "In our view, LLL remains vulnerable to cuts as more than half of its business comes from short-cycle contracts and 22% of 2012 sales were derived from the US Army."

LLL closed Monday at $105.58 and is currently trading down to $105.21.

Latest Ratings for LLL

DateFirmActionFromTo
Nov 2014BarclaysMaintainsEqual-weight
Oct 2014Credit SuisseMaintainsOutperform
Oct 2014OppenheimerMaintainsOutperform

View More Analyst Ratings for LLL
View the Latest Analyst Ratings

Posted-In: Bank of America Ronald EpsteinAnalyst Color Downgrades Analyst Ratings

 

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