Defense contractor L-3 Communications Holdings, Inc. ( LLL ) on Wednesday caught some negative commentary from analysts at two major Wall Street firms.
Analysts at Oppenheimer maintained their "Underperform" rating on LLL while cutting their earnings estimates for the company through 2012. The firm cited lowered guidance in LLL's defense industry segment for the move.
Meanwhile, analysts at Jefferies & Co. cut their estimates for LLL through 2012, citing a new debt retirement charge. The firm also maintained its "Hold" rating.
L-3 Communications shares were unchanged in premarket trading Wednesday.
The Bottom Line
Shares of L-3 Communications ( LLL ) have a 2.69% dividend yield, based on last night's closing stock price of $67.02. The stock has technical support in the $60-$63 price area. If the shares can firm up, we see overhead resistance around the $70-$71 price levels.
L-3 Communications Holdings, Inc. ( LLL ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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