In a report released yesterday, Seth Seifman from J.P. Morgan maintained a Hold rating on L3Harris Technologies (LHX – Research Report), with a price target of $270.00. The company’s shares closed last Thursday at $237.85.
According to TipRanks.com, Seifman is a 4-star analyst with an average return of 7.2% and a 65.4% success rate. Seifman covers the Technology sector, focusing on stocks such as Aerojet Rocketdyne Holdings, Raytheon Technologies, and Huntington Ingalls.
Currently, the analyst consensus on L3Harris Technologies is a Moderate Buy with an average price target of $287.33.
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L3Harris Technologies’ market cap is currently $45.88B and has a P/E ratio of 24.50.
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L3Harris Technologies, Inc. is a technology-oriented aerospace and defense company that provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. The company was formed following the merger of Harris Corporation and L3 Technologies in June 2019.
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