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August 1, 2014
07:25 EDTLLLL-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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November 24, 2015
14:48 EDTLLLL-3 Communications to pay $25.6M to settle fraud suit, Reuters reports
L-3 Communications has agreed to pay $25.6M to settle civil claims that the company and its EOTech unit violated the False Claims Act by concealing defects in its weapons sights, reported Reuters. Reference Link
12:24 EDTLLLU.S. sues L-3 for knowingly selling faulty weapons sights, Reuters says
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11:55 EDTLLLL-3 Communications drops 3.8% after sued by U.S. over defective weapon sights
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11:49 EDTLLLL-3 accused of defrauding DOD in new U.S. civil lawsuit, Reuters reports
November 23, 2015
17:48 EDTLLLL-3 Communications awarded $129.66M government contract modification
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