L-3 Communications (LLL) was upgraded to Buy from Neutral at Goldman as the firm noted the under-performance relative to the company's peers in recent months. As such, they see upside to estimates and have a favorable view of the US Defense budget's ability to impact on LLL's organic growth.
- Shares have been on a strong rally during the past three sessions, up about +5.4% during that time; so far this morning, the strength continues, with LLL indicated for a higher open by about +1.7%