Truist Financial Reaffirms Their Buy Rating on L3Harris Technologies (LHX)

In a report released today, Michael Ciarmoli from Truist Financial maintained a Buy rating on L3Harris Technologies (LHX – Research Report). The company’s shares closed yesterday at $207.36.

Ciarmoli covers the Industrials sector, focusing on stocks such as Ducommun, VSE, and Air Transport Services. According to TipRanks, Ciarmoli has an average return of 12.7% and a 63.81% success rate on recommended stocks.

In addition to Truist Financial, L3Harris Technologies also received a Buy from Wells Fargo’s Matthew Akers in a report issued yesterday. However, on April 18, Bernstein maintained a Hold rating on L3Harris Technologies (NYSE: LHX).

The company has a one-year high of $217.16 and a one-year low of $158.42. Currently, L3Harris Technologies has an average volume of 1.13M.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LHX in relation to earlier this year. Last month, Christopher Kubasik, the Chair and CEO of LHX sold 46,258.00 shares for a total of $9,814,932.78.

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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.