L3Harris’ new CFO a ‘positive’ into investor day event, says Wolfe Research

Wolfe Research analyst Myles Walton tells investors in a research note that L3Harris has hired Ken Bedingfield as the company’s new CFO, effective December 11, and the balance is now skewed positive for the stock with the Street credibility of Bedingfield more than offsetting any incremental uncertainty into the company’s investor day. The firm, which made no change to its Peer Perform rating, thinks L3Harris is in need of an investor-friendly narrative and confidence to go along with the execution of its vision.