Barclays Sticks to Its Buy Rating for L3Harris Technologies (LHX)

Barclays analyst David E. Strauss maintained a Buy rating on L3Harris Technologies (LHX – Research Report) today and set a price target of $245.00. The company’s shares closed yesterday at $217.06.

According to TipRanks, E. Strauss is a 4-star analyst with an average return of 5.7% and a 58.87% success rate. E. Strauss covers the Industrials sector, focusing on stocks such as Boeing, GE Aerospace, and Spirit AeroSystems.

Currently, the analyst consensus on L3Harris Technologies is a Moderate Buy with an average price target of $242.80, implying an 11.86% upside from current levels. In a report released yesterday, Jefferies also assigned a Buy rating to the stock with a $250.00 price target.

The company has a one-year high of $217.16 and a one-year low of $158.42. Currently, L3Harris Technologies has an average volume of 1.11M.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LHX in relation to earlier this year. Last month, Christopher Kubasik, the Chair and CEO of LHX sold 46,258.00 shares for a total of $9,814,932.78.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

L3Harris Technologies (LHX) Company Description:

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.