Market Overview

UPDATE: L-3 Communications Downgraded at Bank of America

Share:
Related LLL
Northrop (NOC) Wins $35M Deal to Support E-2D Hawkeye Jet
Defense Stock Roundup: LMT-Tata Group Tie Up for F-16, HII, GD, RTN Get Big Deals from Pentagon

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 2017BarclaysDowngradesOverweightEqual-Weight
Jan 2017RBC CapitalInitiates Coverage OnSector Perform
Dec 2016Bank of AmericaDowngradesBuyNeutral

View More Analyst Ratings for LLL
View the Latest Analyst Ratings

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

 

Related Articles (LLL)

View Comments and Join the Discussion!