There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on L3Harris Technologies (LHX – Research Report), Weichai Power Co (WEICF – Research Report) and Honeywell International (HON – Research Report) with bullish sentiments.
L3Harris Technologies (LHX)
In a report issued on April 26, Peter Arment from Robert W. Baird maintained a Buy rating on L3Harris Technologies, with a price target of $274.00. The company’s shares closed last Monday at $217.06, close to its 52-week high of $218.34.
According to TipRanks.com, Arment is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for L3Harris Technologies with a $242.56 average price target, implying a 12.8% upside from current levels. In a report issued on April 22, Alembic Global also upgraded the stock to Buy with a $238.00 price target.
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Weichai Power Co (WEICF)
In a report released today, Wayne Fung from CMB International Securities maintained a Buy rating on Weichai Power Co, with a price target of HK$22.00. The company’s shares closed last Thursday at $2.14, equals to its 52-week high of $2.14.
According to TipRanks.com, Fung is a 1-star analyst with an average return of
Weichai Power Co has an analyst consensus of Strong Buy, with a price target consensus of $2.67.
Honeywell International (HON)
In a report issued on April 25, Brett Linzey from Mizuho Securities reiterated a Buy rating on Honeywell International, with a price target of $245.00. The company’s shares closed last Monday at $193.77.
According to TipRanks.com, Linzey is a 5-star analyst with an average return of
Honeywell International has an analyst consensus of Moderate Buy, with a price target consensus of $226.64, implying a 17.3% upside from current levels. In a report issued on April 16, Bank of America Securities also maintained a Buy rating on the stock.
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Read More on LHX:
- L3Harris raises FY24 revenue view to $20.8B-$21.3B from $20.7B-$21.3B
- L3Harris raises FY24 adjusted EPS view to $12.70-$13.05 from $12.40-$12.80
- L3Harris Technologies reports Q1 adjusted EPS $3.06, consensus $2.90
- Notable companies reporting after market close
- L3Harris Technologies to cut 5% of workforce to save costs, Reuters reports
