Goldman Sachs analyst Noah Poponak maintained a Sell rating on L3Harris Technologies (LHX – Research Report) yesterday. The company’s shares closed last Friday at $209.21.
Poponak covers the Industrials sector, focusing on stocks such as Boeing, Woodward, and Booz Allen. According to TipRanks, Poponak has an average return of -0.3% and a 47.03% success rate on recommended stocks.
L3Harris Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $236.62.
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Based on L3Harris Technologies’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.92 billion and a net profit of $383 million. In comparison, last year the company earned a revenue of $4.25 billion and had a GAAP net loss of $300 million
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L3Harris Technologies (LHX) Company Description:
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.
Read More on LHX:
- Northrop named Top Defense Pick at Morgan Stanley after ‘clearing event’
- L3Harris sees FY24 Space & Airborne Systems revenue $6.9B-$7.1B
- L3Harris reports Q4 adjusted EPS $3.35, consensus $3.31
- L3Harris Technologies options imply 3.0% move in share price post-earnings
- Notable companies reporting after market close
