- Jefferies starts Harris (NYSE:HRS) with a Buy rating and $100 price target.
- Analyst Howard Rubel: "1) The company is a unique enterprise, driven to help customers capture value from the RF Spectrum; 2) Synergies from the Exelis acquisition create a strong technology and customer portfolio with better cash flow as GAAP EPS absorbs about $0.70 in amortization; 3) Recent market share gains improve revenue trajectory; and 4) Execution could produce double digit adjusted EPS growth from $5.75 in FY16."