Cowen & Co. Believes Harris (HRS) Won’t Stop Here


Cowen & Co. analyst Gautam Khanna maintained a Buy rating on Harris (NYSE: HRS) today and set a price target of $194. The company’s shares closed yesterday at $173.53, close to its 52-week high of $175.50.

According to TipRanks.com, Khanna is a 5-star analyst with an average return of 12.6% and a 73.7% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and Vista Outdoor.

Harris has an analyst consensus of Strong Buy, with a price target consensus of $189.86, representing a 9.4% upside. In a report issued on October 12, Alembic Global also maintained a Buy rating on the stock with a $190 price target.

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The company has a one-year high of $175.50 and a one-year low of $133.66. Currently, Harris has an average volume of 723.1K.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Harris Corp. engages in the provision of technology-based solutions for tactical communications, geospatial systems and services, air traffic management, avionics and electronic warfare, and space and intelligence. It operates through the following business segments: Communication Systems, Electronic Systems, Space and Intelligence Systems, and Corporate.

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