Susquehanna Keeps Their Buy Rating on L3Harris Technologies (LHX)

In a report released today, Charles Minervino from Susquehanna maintained a Buy rating on L3Harris Technologies, with a price target of $410.00.

Easter Sale - 70% Off TipRanks

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

Minervino covers the Energy sector, focusing on stocks such as TechnipFMC, Baker Hughes Company, and Devon Energy. According to TipRanks, Minervino has an average return of 14.3% and a 61.32% success rate on recommended stocks.

Currently, the analyst consensus on L3Harris Technologies is a Strong Buy with an average price target of $397.85.

Based on L3Harris Technologies’ latest earnings release for the quarter ending January 2, the company reported a quarterly revenue of $5.65 billion and a net profit of $300 million. In comparison, last year the company earned a revenue of $5.52 billion and had a net profit of $453 million

Based on the recent corporate insider activity of 57 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, Melanie Rakita, the VP & CHRO of LHX sold 3,129.00 shares for a total of $1,090,078.42.