Stock Rating Upgrade
The Value Trend Rating for L3Harris Technologies Inc (NYSE: LHX) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 5/1/24, L3Harris Technologies Inc (NYSE: LHX) stock declined modestly by -1.1%, closing at $211.75. However, below average trading volume at 80% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months and has risen 2.0% during the last week.
Current PriceTarget Research Rating
LHX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
L3Harris Technologies has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. L3Harris Technologies has a neutral Appreciation Score of 51 but a good Power Rating of 73, triggering the Positive Value Trend Rating.
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