L3Harris looking like a buy as military stocks struggle, Barron’s says

A scarier world hasn’t made winners out of military stocks lately. Shares of L3Harris Technologies (LHX), however, look as if they can buck that trend with a mix of sales growth, margin expansion – and a nudge from an outside investor, Al Root writes in this week’s edition of Barron’s. L3Harris trades for about 16 times estimated 2024 earnings, not only below the S&P 500’s 20 times but also lower than Northrop’s (NOC) 18.1 times and Lockheed’s (LMT) 16.4 times. L3Harris could be worth much more, the author adds.