Morgan Stanley Maintains Their Buy Rating on L3Harris Technologies (LHX)
In a report released yesterday, Matthew Sharpe CFA from Morgan Stanley maintained a Buy rating on L3Harris Technologies (LHX), with a price target of $232.00. The company’s shares closed last Monday at $162.07.
According to TipRanks.com, CFA is a 1-star analyst with an average return of -16.0% and a 22.2% success rate. CFA covers the Technology sector, focusing on stocks such as Science Applications, Caci International, and Leidos Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for L3Harris Technologies with a $255.33 average price target, a 66.4% upside from current levels. In a report issued on March 23, Bernstein also maintained a Buy rating on the stock with a $217.00 price target.
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The company has a one-year high of $230.99 and a one-year low of $142.01. Currently, L3Harris Technologies has an average volume of 1.56M.
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L3Harris Technologies, Inc. is an agile global aerospace and defense technology innovator, which engages in the provision of defense and commercial technologies across air, land, sea, space and cyber domains. It operates through the following segments: Integrated Mission Systems; Space and Airborne Systems; Communication Systems; and Aviation Systems. The Integrated Mission Systems segment include intelligence, surveillance, and reconnaissance; advanced electro optical and infrared; and maritime power and navigation. The Space and Airborne Systems segment comprises space payloads, sensors and full-mission solutions; classified intelligence and cyber defense; avionics; and electronic warfare. The Communication Systems segment consists tactical communications; broadband communications; L3’s night vision; and public safety. The Aviation Systems segment compose defense aviation products; security, detection and other commercial aviation products; air traffic management; and commercial and military pilot training. The company was founded in 2019 and is headquartered in Melbourne, FL.
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