Market Overview

UPDATE: L-3 Communications Downgraded at Bank of America

Share:

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
May 2019BarclaysMaintainsOverweight
Jan 2019CitigroupMaintainsBuyBuy
Dec 2018BarclaysMaintainsOverweightOverweight

View More Analyst Ratings for LLL
View the Latest Analyst Ratings

 

Related Articles (LLL)

View Comments and Join the Discussion!

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

Latest Ratings

StockFirmActionPT
PMTB of A SecuritiesMaintains18.5
IVRB of A SecuritiesMaintains3.0
EFCB of A SecuritiesMaintains15.5
NYMTB of A SecuritiesMaintains3.5
NLYB of A SecuritiesMaintains8.5
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com