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Technology Stocks : ESLTF (Elbit Systems Ltd) an Israelian arms manufacturer
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To: Ronald Kronemann who wrote (20)11/12/1997 10:58:00 AM
From: Ronald Kronemann   of 45
 
Salomon Brothers started coverage on shares of Elbit Systems Ltd with a buy rating.

NEW YORK, Nov 12 (Reuters) - Salomon Brothers said on Wednesday it started coverage on shares of Elbit Systems Ltd with a buy rating.

-- Analyst George Shapiro sees Elbit's revenues growing at a 13.5 percent compound annual rate over the next three years.

-- Company should benefit from 160 basis points of operating margin expansion over the next three years as it starts to reap the rewards of its research and development investment, Shapiro said in a research note.

-- Elbit should be a participant in the likely consolidation of Israeli defense industry, he said.
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