Jefferies Reaffirms Their Hold Rating on L-3 Communications

By Carrie Williams

In a report issued on July 27, Howard Rubel from Jefferies reiterated a Hold rating on L-3 Communications (NYSE: LLL), with a price target of $175. The company’s shares closed on Friday at $176.37, close to its 52-week high of $180.73.

According to TipRanks.com, Rubel is a 5-star analyst with an average return of 18.1% and a 78.5% success rate. Rubel covers the Consumer Goods sector, focusing on stocks such as Teledyne Technologies Inc, General Dynamics Corp, and Orbital Sciences Corp.

Currently, the analyst consensus on L-3 Communications is Moderate Buy and the average price target is $180.50, representing a 2.3% upside.

In a report issued on July 27, RBC Capital also reiterated a Hold rating on the stock with a $182 price target.

L-3 Communications’ market cap is currently $13.76B and has a P/E ratio of 19.88. The company has a book value ratio of 2.7648.

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L3 Technologies, Inc. provides communication and electronic systems used on military, homeland security and commercial platforms. It offers communication, electronic and sensor systems used in aerospace systems, security and detection systems, and pilot training.