L3Harris Technologies LHX has been performing admirably in the financial market, with price targets being increased to $270 by TD Cowen and $273 by Bernstein, who maintained an 'outperform' rating. Their stock recently received an RS Rating upgrade to 82.
Anticipation is growing for L3Harris' upcoming dividend of US$1.20. Comparatively, a $1,000 investment in the company a decade ago would have grown impressively. The company, classified as a
U.S. Aerospace Heavyweight, is poised to present at the Bernstein Strategic Decisions Conference. It's notable that they secured a $175B contract for the Golden Dome System and won a $214 million communication contract with the German military. L3Harris leaders plan to disclose their strategic roadmap in elite investor conferences in May, perhaps unveiling significant strategic developments.
L3Harris also sold their specialized materials business to BWXT for approximately $100 million and
secured a vital defense deal to modernize Dutch military communications. Potential investors should be alerted to the $62 million fine L3Harris is slated to pay over false pricing allegations. Prospects for financial growth seem solid; however, insiders recently sold U.S. $8.9m worth of stock, which may suggest caution.
L3harris Technologies LHX News Analytics from Mon, 23 Sep 2024 07:00:00 GMT to Sat, 31 May 2025 12:40:35 GMT -
Rating 8
- Innovation 5
- Information 8
- Rumor -1
