Jefferies lifts target on Exelis

|About: Exelis Inc. (XLS)|By:, SA News Editor

For the second time this month, Jefferies' Howard Rubel hikes his price target on Exelis (XLS +1.4%), this time to $20 from $18.

Rubel likes the company's strategic growth platforms which "have a good competitive position and ... strong prospects for domestic and international growth."

See previous: Jefferies raises target, cuts estimates on XLS.