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L-3 Communications Holdings, Inc. (NYSE: LLL) was upgraded to Fair Value by CRT Capital on Monday with the price target raised from $90 to $115.
Analysts Brian Ruttenbur and Corey Allen felt that "while additional fines and penalties are possible as well as increased expenses to upgrade the Company's ERP systems, we believe investors have ignored these risks and are valuing shares of LLL in-line with its peers."
Ruttenbur commented that the "$115 price target is based on an average of a pension-adjusted EPS multiple (13x) and a discounted cash flow analysis."
The report concluded that "2014 - 2015 EPS forecasts are $7.84 and $7.86" and that "LLL shares are trading at 14.7x our 2014 EPS estimate of $7.84, comparable to a peer group average of 15.6x."
L-3 Communications Holdings, Inc. closed at $109.25 Monday, down 5.12 percent.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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