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The experts seem to agree that the current weakness in L3Harris Technologies stock is due to potential cuts in military spending by the US government, particularly under the Trump administration. Despite this, there is bullish sentiment among analysts regarding the company's margin expansion in future years. LHX is a defense technology provider heavily involved in space and aerospace, making it a leader in ETFs that cover that sector. The stock has a 12-month price target of $273, with recommendations to buy at different price levels. Overall, there is both caution and optimism surrounding LHX in the short and long term.
The defence department is a natural place to cut back when there's a threat of a shutdown of the federal government. Hence, the current weakness in this stock.
It is mainly (probably) Trump related. His 'Department Of Government Efficiency' is deisgned to cut costs and unnecessary spending in the government. This includes military spending and the money allocated towards contractors such as LHX. Whether this will actually a meaningful is unclear. We think LHX looks good however, and analysts have been bullish on margin expansion in future years.
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Another Trump-tech trade. Defense technology provider. From tactical radios to applications to hardware. Also involved in space and aerospace, and you'll find that LHX is the leader in ETFs that cover that sector. 12-month price target of $273. Buy a third here around $240, add in the mid-$220s, and again at the $215 level. Reports next week. Yield is 1.9%.
(Analysts’ price target is $248.82)Is seeing an amazing decline. LHX makes exactly the high tech that the government wants all its military to adopt. At 15x PE, it's too cheap.
L3Harris Technologies is a American stock, trading under the symbol LHX-N on the New York Stock Exchange (LHX). It is usually referred to as NYSE:LHX or LHX-N
In the last year, 1 stock analyst published opinions about LHX-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for L3Harris Technologies.
L3Harris Technologies was recommended as a Top Pick by on . Read the latest stock experts ratings for L3Harris Technologies.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered L3Harris Technologies In the last year. It is a trending stock that is worth watching.
On 2025-01-10, L3Harris Technologies (LHX-N) stock closed at a price of $208.28.