L3Harris Technologies, the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Gautam Khanna from TD Cowen maintained a Buy rating on the stock and has a $320.00 price target.
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Gautam Khanna has given his Buy rating due to a combination of factors that suggest a positive outlook for L3Harris Technologies. The company reported a stronger-than-expected third quarter, with adjusted earnings per share exceeding estimates, partly due to a one-time asset sale. This performance, along with favorable adjustments in estimated costs, indicates a positive trend in the company’s financial health.
L3Harris has also raised its sales guidance for 2025, suggesting confidence in achieving its 2026 sales targets. The company anticipates maintaining strong margins despite previous asset sales, and it expects to benefit from integration savings and increased operating leverage. Additionally, L3Harris’s strategic partnerships and potential contract awards further support the company’s growth prospects, making it an attractive investment opportunity.
In another report released on October 15, Truist Financial also maintained a Buy rating on the stock with a $353.00 price target.
Based on the recent corporate insider activity of 60 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.