L3Harris Technologies, Inc. (LHX) has seen mixed reviews in recent times. While analysts have generally given the company a 'Moderate Buy' rating, there are concerns over its financial prospects, which some believe could lead to a drop in stock price. However, the company still commands a substantial institutional ownership of approximately 86%, indicating faith in its long-term prospects. Despite some insider selling, others see potential for L3Harris - with its shares being upgraded by multiple research firms and pricing targets set at $291.00 per share by Citigroup. The stock's performance is gradually improving, underlined by the announcement that the company beat Q2 earnings estimates and raised 2024 EPS view. L3Harris Technologies continues to forge ahead in the defense sector, winning a substantial $587M contract, displaying strong Q2 2024 results and setting the date for its Q3 earnings release. Despite this, there are concerns over the company's use of debt, and some insiders have disposed of stock, which some interpret as a bearish signal. However, the company's efforts in commercial expansion, significant institutional ownership, and multilaunch agreement with Firefly Aerospace suggest an overall positive sentiment.
L3harris Technologies LHX News Analytics from Sat, 02 Mar 2024 08:00:00 GMT to Sat, 12 Oct 2024 08:41:27 GMT -
Rating 0
- Innovation 5
- Information 7
- Rumor 0
