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Jefferies lifts target on Exelis

  • 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.
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