Sheila Kahyaoglu, an analyst from Jefferies, maintained the Buy rating on L3Harris Technologies (LHX – Research Report). The associated price target was lowered to $260.00.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Sheila Kahyaoglu’s rating is based on L3Harris Technologies’ strategic positioning and adaptability in the defense technology sector. The company’s Trusted Disruptor strategy highlights its readiness to embrace changes and leverage partnerships with firms like Palantir and Shield AI, which strengthens its market position.
L3Harris is also well-positioned in the evolving space market, benefiting from a shift towards low Earth orbit opportunities. Additionally, its established presence in communications systems and its extensive installed base of tactical radios underscore its capability to provide interoperable solutions, which is crucial in the defense sector. These factors collectively reinforce the company’s growth potential, justifying the Buy rating.
In another report released on February 11, Citi also maintained a Buy rating on the stock with a $285.00 price target.
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LHX in relation to earlier this year.