Empowered Funds, LLC and
Stonebridge Financial Group, LLC have increased their stakes in
L3Harris Technologies, Inc. (NYSE:LHX), contributing to the growing ownership of 86% held by institutional owners.
Yacktman Asset Management LP and
Allspring Global Investments Holdings LLC, however, have reduced their holdings. Despite a new 52-week low and some market skepticism over weak fundamentals, analyst sentiment is bullish, encouraging investors to consider L3Harris as an undervalued opportunity in the aerospace sector. The company's strategic positioning and potential growth were discussed amid bullish forecasts for defense demand, leading to new price target projections by Citigroup, Bank of America, and
Truist. L3Harris also recently showcased its focus on innovation in defense technology, including the launch of new technology for controlling autonomous swarms, an AI platform for autonomous units and a successful test flight of its Electronic Warfare System. Reporting strong Q4 2024 earnings and initiating 2025 guidance, L3Harris' revenue growth has not gone unnoticed, beating estimates by $0.04 EPS.
L3harris Technologies LHX News Analytics from Tue, 27 Aug 2024 07:00:00 GMT to Sat, 15 Feb 2025 06:57:08 GMT -
Rating 6
- Innovation -1
- Information 8
- Rumor 4
