L3Harris Technologies (LHX) Receives a Hold from J.P. Morgan

J.P. Morgan analyst Seth Seifman maintained a Hold rating on L3Harris Technologies (LHXResearch Report) on July 8 and set a price target of $264.00. The company’s shares closed last Monday at $238.56.

According to TipRanks.com, Seifman is a 4-star analyst with an average return of 6.1% and a 64.5% success rate. Seifman covers the Technology sector, focusing on stocks such as Raytheon Technologies, Caci International, and Spirit AeroSystems.

L3Harris Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $272.14.

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Based on L3Harris Technologies’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.1 billion and net profit of $475 million. In comparison, last year the company earned revenue of $4.57 billion and had a net profit of $468 million.

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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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