L3Harris Technologies (LHX) has found favor among institutional owners, holding 85% of the company. Nevertheless, the company's ratings have periodically fluctuated with both upgrades and downgrades noted by various entities such as Raymond James and Deutsche Bank. The company President, Ross Niebergall, has made significant sales of stock, while the stock price recently experienced a decrease. The company's third-quarter 2024 results were strong, leading to an upward revision of guidance for the year. Despite this, some analysts have reduced their price targets for LHX. On a high note, LHX secured a significant $1 billion contract from the U.S. Navy. Jim Cramer maintains that LHX remains a stable company, while others express concerns about the financial prospects leading to potential lowering of the stock value. The company’s shares are considered undervalued by some, despite lower earnings than the previous year. LHX holds a reputation as one of the best American defense stocks in the opinion of hedge funds and is considered to manage its debt reasonably well. Recently, they announced strategic partnerships with Accenture and Palantir.
L3harris Technologies LHX News Analytics from Wed, 29 May 2024 07:00:00 GMT to Fri, 03 Jan 2025 06:14:11 GMT - Rating 0 - Innovation -1 - Information 7 - Rumor 1
