NEW YORK ( TheStreet) -- These four stocks were upgraded to buy from TheStreet Ratings on Friday: L-3 Communications ( LLL), Kimco Realty ( KIM), Ingersoll-Rand ( IR) and CBRE Group ( CBG). L-3 Communications The intelligence and surveillance company raised its quarterly dividend on Tuesday to 50 cents a share from 45 cents. "Once repositioning actions are taken, L-3's operating profile will have firmer growth potential due to much reduced overseas punitive operations," Drexel Hamilton analyst Richard Whittington wrote in a report Monday. L-3 was upgraded to a buy from a hold by TheStreet Ratings. L-3 has an estimated price-to-earnings ratio for next year of 8.32; the average for defense companies is 13.16. For comparison, Curtiss-Wright ( CW) and AeroVironment ( AVAV) both have higher forward P/Es of 13.12 and 21.32, respectively. Twelve of the 17 analysts who cover L-3 rated it a hold. Two analysts considered L-3 a buy and three gave it a sell rating. TheStreet Ratings gives L-3 a B grade with a $81.68 price target. The stock closed Thursday at $70.47 and has risen 5.68% year to date.
Kimco Realty The real estate investment trust reported Wednesday fourth-quarter earnings of $31.6 million, or 8 cents a share, an increase from year-earlier earnings of $22.2 million, or 2 cents a share. Kimco Realty was upgraded to a buy from a hold by TheStreet Ratings. The company has a forward P/E of 53.29; the average for retail REITs is 57.58. For comparison, Realty Income ( O) has a lower forward P/E of 34.48 and Macerich ( MAC) has a forward P/E of 54.44. Twelve of the 21 analysts who cover Kimco Realty rated it a hold. Eight analysts gave the company a buy rating and one rated it a sell. TheStreet Ratings gives Kimco Realty a B grade and $21.78 price target. The stock closed Thursday at $18.65 and has risen 14.84% year to date.