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Analysts’ Opinions Are Mixed on These Industrial Goods Stocks: L3Harris Technologies (LHX), Boeing (BA) and Spirit Airlines (SAVE)

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on L3Harris Technologies (LHXResearch Report), Boeing (BAResearch Report) and Spirit Airlines (SAVEResearch Report).

L3Harris Technologies (LHX)

In a report released yesterday, Matthew Akers from Wells Fargo maintained a Buy rating on L3Harris Technologies, with a price target of $245.00. The company’s shares closed last Monday at $214.75, close to its 52-week high of $218.34.

According to TipRanks.com, Akers is a 5-star analyst with an average return of 25.2% and a 85.3% success rate. Akers covers the Industrial Goods sector, focusing on stocks such as Virgin Galactic Holdings, Raytheon Technologies, and Howmet Aerospace.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for L3Harris Technologies with a $238.18 average price target, an 11.7% upside from current levels. In a report issued on April 22, Alembic Global also upgraded the stock to Buy with a $238.00 price target.

See the top stocks recommended by analysts >>

Boeing (BA)

Bank of America Securities analyst Ronald Epstein maintained a Hold rating on Boeing yesterday and set a price target of $180.00. The company’s shares closed last Monday at $178.35.

According to TipRanks.com, Epstein is a 5-star analyst with an average return of 8.9% and a 59.3% success rate. Epstein covers the Industrial Goods sector, focusing on stocks such as L3Harris Technologies, Raytheon Technologies, and Huntington Ingalls.

Currently, the analyst consensus on Boeing is a Moderate Buy with an average price target of $222.48, representing a 23.0% upside. In a report issued on April 30, Argus Research also downgraded the stock to Hold.

Spirit Airlines (SAVE)

In a report released yesterday, Andrew Didora from Bank of America Securities reiterated a Sell rating on Spirit Airlines, with a price target of $3.25. The company’s shares closed last Monday at $3.35, close to its 52-week low of $3.18.

According to TipRanks.com, Didora ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -5.7% and a 50.0% success rate. Didora covers the Industrial Goods sector, focusing on stocks such as United Airlines Holdings, Allegiant Travel Company, and Frontier Group Holdings.

Currently, the analyst consensus on Spirit Airlines is a Moderate Sell with an average price target of $4.35.

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