Seeking Alpha

Exelis climbs on Mission Systems spin-off, Drexel Hamilton upgrade

  • Exelis (XLS +8.7%) shares climb after the company announced yesterday afternoon that it will spin-off its military/government services business, Exelis Mission Systems, in 2014.
  • Drexel Hamilton upgraded shares to Buy from Hold and hiked its PT to $20 from $15.50 on the news.
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