L3Harris Technologies (NYSE:LHX) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded L3Harris Technologies from “hold” to “buy,” while broader analyst coverage remains favorable with a consensus “Moderate Buy” rating and an average price target of $343.50.
• L3Harris exceeded third-quarter expectations, reporting $3.28 in EPS and $6.07 billion in revenue, up 7.1% year over year; the company also raised its 2026 earnings outlook and reported a record $53.2 billion backlog.
• Despite stronger results and defense demand, analysts cited execution risks, lower 2028 cash-flow and margin targets, and valuation concerns following the stock’s recent run-up.

L3Harris Technologies (NYSE:LHX - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Sunday, Wall Street Zen reports.

Several other brokerages also recently commented on LHX. Jefferies Financial Group downgraded L3Harris Technologies from a "buy" rating to a "hold" rating and set a $315.00 target price on the stock. in a report on Wednesday, August 26th. BNP Paribas Exane dropped their price target on L3Harris Technologies from $330.00 to $310.00 and set a "neutral" rating for the company in a report on Thursday, July 30th. Melius Research downgraded L3Harris Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, September 8th. Royal Bank Of Canada boosted their price objective on L3Harris Technologies from $265.00 to $295.00 and gave the stock a "sector perform" rating in a research note on Friday. Finally, Weiss Ratings lowered L3Harris Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $343.50.

L3Harris Technologies Price Performance

NYSE:LHX opened at $277.79 on Friday. The firm has a market cap of $51.73 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 1.68 and a beta of 0.50. L3Harris Technologies has a 12 month low of $232.34 and a 12 month high of $379.23. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 0.45. The company's 50-day moving average price is $249.80 and its two-hundred day moving average price is $305.06.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The company reported $3.28 earnings per share for the quarter, topping the consensus estimate of $2.95 by $0.33. The company had revenue of $6.07 billion during the quarter, compared to analyst estimates of $5.92 billion. L3Harris Technologies had a net margin of 8.76% and a return on equity of 11.49%. The company's revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $2.70 earnings per share. On average, equities analysts anticipate that L3Harris Technologies will post 12.32 EPS for the current fiscal year.

Hedge Funds Weigh In On L3Harris Technologies

A number of large investors have recently bought and sold shares of LHX. NBH Bank bought a new position in shares of L3Harris Technologies in the 2nd quarter worth about $26,000. Cedar Mountain Advisors LLC boosted its stake in L3Harris Technologies by 1,233.3% during the first quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company's stock worth $28,000 after acquiring an additional 74 shares in the last quarter. Elevation Wealth Partners LLC boosted its stake in L3Harris Technologies by 80.0% during the second quarter. Elevation Wealth Partners LLC now owns 99 shares of the company's stock worth $29,000 after acquiring an additional 44 shares in the last quarter. John Boyer Inc. bought a new stake in L3Harris Technologies during the third quarter worth about $31,000. Finally, Bell Investment Advisors Inc purchased a new stake in L3Harris Technologies in the second quarter worth about $33,000. Institutional investors and hedge funds own 84.76% of the company's stock.

More L3Harris Technologies News

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: L3Harris reported third-quarter EPS of $3.28, above the $2.95 analyst consensus, while revenue rose 7.1% year over year to approximately $6.07 billion, exceeding expectations of $5.92 billion. L3Harris Technologies earnings results
• Positive Sentiment: The defense contractor raised its 2026 outlook, including full-year EPS guidance to $12.25–$12.35 from $11.80–$12.00, supported by broad-based growth and stronger cash flow. L3Harris raises yearly guidance
• Positive Sentiment: Record backlog of $53.2 billion highlights strong defense demand and improves revenue visibility. Reports also cited a rare government equity stake as an additional supportive development. LHX Q3 earnings call highlights
• Neutral Sentiment: Royal Bank of Canada raised its LHX price target to $295 from $265 but retained a “sector perform” rating, indicating improved valuation potential without a strong bullish recommendation. RBC raises L3Harris price target
• Negative Sentiment: Management’s lower 2028 cash-flow and margin targets raise questions about execution and may limit enthusiasm despite the stronger 2026 forecast. Valuation concerns also remain after a substantial recent run-up.

L3Harris Technologies Company Profile

L3Harris Technologies, Inc is a technology and defense company that develops products and systems for government and commercial customers. Its offerings support aerospace, defense, space, communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, and aviation missions.

The company provides secure communications equipment, tactical radios, sensors, avionics, electronic warfare systems, missile and air defense technologies, space payloads and systems, and other mission-critical solutions.

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