L-3 Communications risk/reward favorable after sell-off, says JPMorgan JPMorgan views the risk/reward on shares of L-3 Communications as favorable after the stock sold off 12% on the company's announcement that it is conducting an internal accounting review at Aerospace Systems. JPMorgan does not believe L3's earnings or cash flow power for future periods will be materially impacted. The firm keeps an Overweight rating on the stock and raised its price target for shares to $140 from $135.
News For LLL From The Last 14 Days
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L-3 Communications receives award from BAE Systems to develop training system L-3 Communications (LLL) announced that its Link Simulation & Training business has received an award from BAE Systems (BAESY) to develop the Hawk Oman Training System. The training system, which is planned to achieve its ready-for-training milestone during the first quarter of 2017, will prepare Royal Air Force of Oman pilots to operate BAE Systemsí Hawk MK166 Advanced Jet Trainer aircraft.