Elbit Systems initiated with a Neutral at JPMorgan

JPMorgan initiated coverage of Elbit Systems (ESLT) with a Neutral rating and $520 price target Elbit is an Israeli-based, geographically diverse global defense company with exposure to several growing markets and margin expansion potential, the analyst tells investors in a research note. However, with the stock up 157% in the past year, JPMorgan seeks a better entry point into the name.