L-3 Communications Gets a Hold Rating from Stifel Nicolaus

By Carrie Williams

Stifel Nicolaus analyst Joseph DeNardi reiterated a Hold rating on L-3 Communications (NYSE: LLL) on July 27 and set 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, DeNardi is a 4-star analyst with an average return of 13.7% and a 69.1% success rate. DeNardi covers the Services sector, focusing on stocks such as Allegiant Travel Company, Southwest Airlines, and United Continental.

Currently, the analyst consensus on L-3 Communications is Hold and the average price target is $179.40, representing a 1.7% upside.

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

Based on L-3 Communications’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $2.73 billion and quarterly net profit of $202 million. In comparison, last year the company earned revenue of $2.66 billion and had a net profit of $147 million.

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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.