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L3Harris Technologies (LHX) Receives a Buy from Barclays

Barclays analyst David E. Strauss maintained a Buy rating on L3Harris Technologies (LHXResearch Report) on March 11 and set a price target of $300.00. The company’s shares closed last Friday at $250.00.

According to TipRanks.com, Strauss is a 3-star analyst with an average return of 1.1% and a 55.7% success rate. Strauss covers the Technology sector, focusing on stocks such as Raytheon Technologies, Huntington Ingalls, and Spirit AeroSystems.

Currently, the analyst consensus on L3Harris Technologies is a Moderate Buy with an average price target of $267.33, implying a 4.8% upside from current levels. In a report issued on March 8, Jefferies also maintained a Buy rating on the stock with a $320.00 price target.

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L3Harris Technologies’ market cap is currently $48.26B and has a P/E ratio of 27.48.

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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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