In a report released today, Cai Rumohr from Cowen & Co. maintained a Buy rating on L3 Technologies Inc (LLL), with a price target of $250. The company’s shares opened today at $193.76.
According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 11.9% and a 63.6% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and Spirit AeroSystems.
L3 Technologies Inc has an analyst consensus of Moderate Buy, with a price target consensus of $228, a 17.7% upside from current levels. In a report issued on January 14, Credit Suisse also maintained a Buy rating on the stock with a $229 price target.
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Based on L3 Technologies Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.52 billion and net profit of $202 million. In comparison, last year the company earned revenue of $2.57 billion and had a net profit of $289 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.
