Cowen & Co. Remains a Buy on Harris

Cowen & Co. analyst Gautam Khanna maintained a Buy rating on Harris (NYSE: HRS) today and set a price target of $170. The company’s shares closed yesterday at $151.78.

According to TipRanks.com, Khanna is a 5-star analyst with an average return of 13.1% and a 67.8% 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 $176.50.

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Harris’ market cap is currently $18B and has a P/E ratio of 35.71. The company has a book value ratio of 6.0112.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock.

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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.