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.
BofA/Merrill industrials/EU autos analysts hold analyst/industry conference call Analysts provide a discussion of the key takeaways from the recently held Global Industrials & European Autos Conference on an Analyst/Industry conference call. to be held on March 23 at 10 am.