Research
Jefferies Downgrades L3Harris Technologies to Hold From Buy, Price Target is $315
L3Harris Technologies (LHX) has an average rating of overweight and mean price target of $350.77, according to analysts polled by FactSet.
$LHX
$LHX
25 stories mentioning LHXUpdated 18d ago
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Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.
- JefferiesDowngradedHoldPrice target$315
- BNP ParibasTarget revisedNeutralPrice target$310from $330
- Deutsche BankTarget cutPrice target$300from $326
- JPMorganTarget revisedOverweightPrice target$380from $410
- BNP ParibasTarget revisedPrice target$330from $390
- UBSTarget revisedNeutralPrice target$330from $362
What's the latest news on LHX?
Wire
Top Midday Stories: Nvidia Investing $1.5 Billion in SB Energy; L3Harris Names Sam Mehta as CEO, Replacing Christopher Kubasik
The Nasdaq Composite was up, while the Dow Jones Industrial Average and S&P 500 Index were down in late-morning trading Monday, as oil prices rose amid ongoing tensions in the Middle East.In company news, Nvidia (NVDA) said Monday it is investing $1.5 billion in SB Energy to support its growth as an artificial intelligence infrastructure developer. The chipmaker has entered into a partnership with SB Energy to become the exclusive AI compute infrastructure provider at the PORTS-Pike Technology Campus in Pike County, Ohio. SB Energy will build, own and operate the data center under a 20-year lease to Microsoft-backed (MSFT) OpenAI, which will use the capacity, according to a statement. Nvidia shares were up 1.1%, while Microsoft shares were down 2.2%.L3Harris Technologies (LHX) said Monday it has appointed Sam Mehta as president and chief executive, replacing Christopher Kubasik, who stepped down as chairman and CEO following an investigation into conduct the company said was inconsistent with its code of conduct. Mehta, who joined L3Harris in 2023, most recently led the Space & Mission Systems and Communications & Spectrum Dominance segments. L3Harris shares were down 4.1%.Amazon-backed (AMZN) Anthropic told potential investors that its Q2 revenue jumped at least 14-fold from the year prior to over $11.5 billion, Bloomberg reported, citing internal documents it viewed. Amazon shares were down 0.4%.EyePoint (EYPT) said Monday its Phase 3 Lugano trial testing Duravyu in patients with wet age-related macular degeneration failed to achieve its primary endpoint. The drug missed the main visual acuity goal in the complete dataset because of a patient subgroup with vision loss unrelated to the condition, the company said. EyePoint shares were down 69.3%.Palantir Technologies (PLTR) Co-Founder Peter Thiel has acquired over 1.1 million American depositary shares in Vista Energy (VIST) worth about $75.9 million, according to a filing with the US Securities and Exchange Commission. Palantir shares were up 0.5%.Madison Air Solutions (MAIR) signed a definitive deal to acquire ebm-papst, which specializes in airflow technology, for $5.40 billion, or $5 billion net of future tax savings, the company said Monday. The deal is expected to close around the end of the year, Madison said. Madison Air shares were down 4.4%.Price: $227.00, Change: $+1.84, Percent Change: +0.82%
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Commodities
Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Monday Amid Lower Rate Hike Expectations
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.1% and the actively traded Invesco QQQ Trust (QQQ) was 0.5% higher in Monday's premarket activity amid lower expectations of an interest rate increase.US stock futures were mixed, with S&P 500 Index futures up 0.1%, Dow Jones Industrial Average futures slipping 0.1%, and Nasdaq futures gaining 0.5% before the start of regular trading.The New York Federal Reserve's Empire State manufacturing index rose to 20.6 in August from 15.6 in July, compared with an expected decrease to a reading of 10.0 in a survey compiled by Bloomberg.The National Association of Home Builders' housing market index for August will be released at 10 am ET.In premarket action, bitcoin was up by 0.8%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.8% higher, Ether ETF (EETH) advanced 1.4%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated 0.4%, the Vanguard Health Care Index Fund (VHT) was down 0.1%, while the iShares US Healthcare ETF (IYH) slipped 0.1%. The iShares Biotechnology ETF (IBB) was up 0.4%.Argenx (ARGX) stock was up more than 11% premarket after the company said a phase 3 study evaluating its experimental drug, Vyvgart Hytrulo, in adults with autoimmune myositis met its primary endpoint.Winners and Losers:EnergyThe iShares US Energy ETF (IYE) was down 0.1%, while the State Street Energy Select Sector SPDR ETF (XLE) retreated 0.1%.Vista Energy (VIST) stock was up more than 4% before market open after a 3.2% rise at Friday's close. A US Securities and Exchange Commission filing published Friday showed that Palantir Technologies (PLTR) Co-Founder Peter Thiel has acquired 1,189,792 American depositary shares in the Argentinian energy company worth about $75.9 million. Palantir stock was 0.6% lower.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.02%, the Vanguard Industrials Index Fund (VIS) was up 0.1%, and the iShares US Industrials ETF (IYJ) was inactive.L3Harris Technologies (LHX) stock was down more than 2% before the opening bell after the company said it appointed Sam Mehta as President and CEO to succeed Christopher Kubasik, who stepped down as chairman and CEO following an investigation.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.6%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) retreated by 0.5%, and the iShares US Consumer Staples ETF (IYK) was 1% lower. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.2%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.1% higher.Amazon (AMZN) shares were up more than 1% pre-bell. According to updated user conditions posted on the company's website Friday, Amazon has reinstated binding arbitration for its US customers and barred them from pursuing class action lawsuits.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.9%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1% higher.Riot Platform (RIOT) shares traded up 1% in early hours activity after the company said its wholly owned subsidiary, Riot DC Logistics, entered into a $573 million senior secured delayed-draw term loan credit agreement on Aug. 10.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained 0.3%, the iShares US Technology ETF (IYW) was 0.6% higher, and the iShares Expanded Tech Sector ETF (IGM) was up 0.3%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) advanced 1,4%, while the iShares Semiconductor ETF (SOXX) rose by 1%.Nvidia (NVDA) shares were up 0.7% after a Friday filing with the US Securities and Exchange Commission showed that the company has a $29.99 billion stake in Intel (INTC) and a $20.98 billion stake in Space Exploration Technologies (SPCX) as of June 30. Intel stock was 0.6% higher, while SpaceX was marginally lower.CommoditiesFront-month US West Texas Intermediate crude oil gained by 0.4% to reach $82.73 per barrel on the New York Mercantile Exchange. Natural gas was down 2.1% at $2.68 per 1 million British Thermal Units. The United States Oil Fund (USO) gained 0.9%, while the United States Natural Gas Fund (UNG) was 1.7% lower.Gold futures for November were up by 0.2% at $4,443.90 an ounce on the Comex. Silver futures advanced 0.9% to $65.66 an ounce. SPDR Gold Shares (GLD) gained by 0.1%, and the iShares Silver Trust (SLV) was 0.8% higher.
Dow JonesNasdaq CompositeS&P 500$AMZN$ARGX$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$INTC$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$LHX$NVDA$PLTR$PMR$QQQ$RIOT$RTH$SLV$SOXX$SPCX$SPY$UNG$USO$VDC$VHT$VIS$VIST$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Asia Markets
Update: US Equity Futures Mixed Pre-Bell as 60-Day US-Iran Ceasefire Expires
(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mixed pre-bell Monday as the ceasefire between the US and Iran reaches its expiration date after 60 days, with the two countries still locked in a stalemate.Dow Jones Industrial Average futures were 0.3% lower, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.4% higher.Vessels transiting the Strait of Hormuz dropped over the weekend at five ships compared with 31 in the previous weekend, according to a Reuters report that cited data from analytics firm Kpler.Iran's foreign minister Abbas Araghchi said that the country has not yet decided to restart talks with the US, according to multiple reports. President Donald Trump reiterated in a post on Truth Social that Iran "cannot have, in any way, shape, or form, a Nuclear Weapon."Companies expected to report financial results this week include Walmart (WMT), Home Depot (HD), Analog Devices (ADI), Alibaba Group (BABA), TJX (TJX), and Lowe's (LOW).Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.7% at $89.14 per barrel and US West Texas Intermediate crude 0.7% higher at $82.05 per barrel.The New York Federal Reserve's Empire State manufacturing index increased to 20.6 in August versus 15.6 in July, compared with expectations for a decline to a reading of 10.0 in a survey compiled by Bloomberg.The August US housing market index, slated for 10 am ET, is expected at 33, compared with 34 from the prior month.In other world markets, Japan's Nikkei closed 0.7% higher, Hong Kong's Hang Seng ended 1.3% higher, and China's Shanghai Composite finished 1.4% higher. Meanwhile, the UK's FTSE 100 was down 0.2%, and Germany's DAX index was flat in Europe's early afternoon session.In equities, stocks of Micron Technology (MU) and Sandisk (SNDK) shares were up 2.8% and 3.6%, respectively, after regulatory filings on Friday showed that AI-focused hedge fund Situational Awareness increased its stakes in the companies. Alibaba Group shares were up 1.7% after a Bloomberg report that Qwen artificial intelligence models have exceeded 3 billion in downloads globally over the last six months, topping that of Meta Platforms (META) and Alphabet's (GOOG,GOOGL) Google.On the losing side, L3Harris Technologies (LHX) stock was down 2.7% after the company said it appointed Sam Mehta as CEO to replace Christopher Kubasik, who stepped down as chairman and CEO following an investigation into his conduct the company said was inconsistent with its Code of Conduct. Dynatrace (DT) shares were 1.4% lower after the company said its unit Dynatrace LLC is planning a $1.25 billion private placement of exchangeable senior unsecured notes due Sept. 1, 2031.
Dow JonesNasdaq CompositeS&P 500$ADI$BABA$DT$GOOG$GOOGL$HD$LHX$LOW$META$MU$SNDK$TJX$WMT
Wire
L3Harris Opens Rhode Island Maritime Production Facility
L3Harris Technologies (LHX) said Wednesday that it has opened a new 50,000-square-foot maritime production facility at ProvPort in Providence, marking the completion of a $6 million investment.The facility will design and manufacture undersea training systems for the US Navy and allied forces, the firm said. It has maintained a presence in Rhode Island since 1991.Price: $288.58, Change: $+2.56, Percent Change: +0.90%
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Wire
Intuitive Machines Selected to Build Spacecraft Platforms for Space Development Agency Mission
L3Harris Technologies (LHX) selected Intuitive Machines (LUNR) to support spacecraft platforms development and production for the Space Development Agency's Accelerated Missile Defense Tranche 3 mission, according to a Tuesday statement.No financial details were disclosed. Intuitive Machines said it will design, build and deliver 18 advanced spacecraft platforms under the contract. These platforms are intended to back L3Harris' missile defense solutions for hypersonic and ballistic missile tracking, the company added.Price: $280.19, Change: $+2.33, Percent Change: +0.84%
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Wire
BNP Paribas Adjusts L3Harris Technologies Price Target to $310 From $330, Maintains Neutral Rating
L3Harris Technologies (LHX) has an average rating of overweight and mean price target of $374.63, according to analysts polled by FactSet.Price: $265.40, Change: $-32.14, Percent Change: -10.80%
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Wire
L3Harris Technologies Keeps Quarterly Dividend at $1.25 a Share; Payable Sept. 18 to Holders of Record Sept. 4
L3Harris Technologies Keeps Quarterly Dividend at $1.25 a Share; Payable Sept. 18 to Holders of Record Sept. 4
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Wire
L3Harris Technologies Gets $84 Million US Army Communications Systems Orders
L3Harris Technologies (LHX) said Thursday it received $84 million in orders from the US Army to provide Next Generation Command and Control manpack Falcon communication systems.The orders cover AN/PRC-158C systems equipped with high-throughput mobile ad hoc network capabilities and resilient waveforms that will serve as part of the NGC2 program's transport layer, enabling communications across sensors, shooters and command-and-control systems, the company said.Price: $290.01, Change: $-3.43, Percent Change: -1.17%
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Wire
L3Harris Unit, MP Materials, 8 Other US Firms Added to China's Export Control List
L3Harris Technologies' (LHX) L3Harris Maritime Services subsidiary, MP Materials (MP), and eight other US companies were included in China's export control list, effective immediately, according to a Google-translated statement from the country's Ministry of Commerce on Monday.The list also includes Oshkosh's (OSK) Oshkosh Defense unit, USA Rare Earth (USAR), Red Cat (RCAT), BAE Systems division, Teal Drones, Aveox, IMSAR, and Jaia Robotics.Chinese firms are prohibited from exporting dual-use items to the listed entities unless granted an exception by the Ministry of Commerce, according to the statement.Price: $285.74, Change: $-9.08, Percent Change: -3.08%
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Wire
Update: Market Chatter: L3Harris Technologies Selects JPMorgan, Morgan Stanley to Lead Axyv IPO
(Updates with L3Harris Technologies' response in the last paragraph.)L3Harris Technologies (LHX) has selected JPMorgan Chase (JPM) and Morgan Stanley (MS) to lead the initial public offering of its missile unit Axyv, Bloomberg reported Tuesday, citing people familiar with the matter.A listing could raise as much as $2 billion and the company could go public as soon as next month, according to the report.More banks could also be added to the lineup, Bloomberg said.L3Harris Technologies declined to comment, while JPMorgan and Morgan Stanley did not immediately respond to a request for comment by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $309.19, Change: $+5.02, Percent Change: +1.65%
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Wire
Market Chatter: L3Harris Technologies Selects JPMorgan, Morgan Stanley to Lead Axyv IPO
L3Harris Technologies (LHX) has selected JPMorgan Chase (JPM) and Morgan Stanley (MS) to lead the initial public offering of its missile unit Axyv, Bloomberg reported Tuesday, citing people familiar with the matter.A listing could raise as much as $2 billion and the company could go public as soon as next month, according to the report.More banks could also be added to the lineup, Bloomberg said.L3Harris Technologies, JPMorgan and Morgan Stanley did not immediately respond to a request for comment by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $309.72, Change: $+5.55, Percent Change: +1.82%
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Wire
Street Color: L3Harris Technologies Taps JPMorgan, Morgan Stanley for Missile Unit IPO, Bloomberg Reports
Street Color: L3Harris Technologies Taps JPMorgan, Morgan Stanley for Missile Unit IPO, Bloomberg Reports
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Wire
L3Harris Technologies Wins Army Contract for Counter-Drone Systems
L3Harris Technologies (LHX) said Wednesday it has been selected by the US Army to deliver counter-drone systems to support urgent defense against drone threats, with the order valued at up to $106 million.The Army's order is part of the US' layered counter-unmanned systems defense approach, according to a statement.Price: $305.86, Change: $-2.31, Percent Change: -0.75%
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Wire
Deutsche Bank Cuts L3Harris Technologies Price Target to $300 From $326
L3Harris Technologies (LHX) has an average rating of overweight and mean price target of $390.21, according to analysts polled by FactSet.Price: $303.32, Change: $+3.68, Percent Change: +1.23%
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Wire
JPMorgan Adjusts Price Target on L3Harris Technologies to $380 From $410, Maintains Overweight Rating
L3Harris Technologies (LHX) has an average rating of overweight and mean price target of $390.21, according to analysts polled by FactSet.Price: $306.33, Change: $-2.44, Percent Change: -0.79%
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Research
Research Alert: CFRA Maintains Hold Opinion On Shares Of L3harris Technologies, Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We cut our 12-month target price by $29 to $340, or 25.0x our 2027 EPS estimate, vs. LHX's three-year average forward P/E of 19.6x and peers' average forward P/E of 22.0x. We lower our 2026 EPS estimate by $0.21 to $12.04 and drop our 2027 EPS estimate to $13.60 from $14.76. LHX delivered strong Q1 2026 results with 15% organic sales growth. LHX's record backlog of $40.7B (up significantly with a 1.4x book-to-bill) provides strong revenue visibility, particularly given anticipated $25B in additional Munitions Acceleration Council orders. LHX is experiencing growth across Space & Mission Systems (up 24% Y/Y in Q1), missionized aircraft, and software-defined communications, with international orders that are particularly strong (2.2x book-to-bill). While the 2028 framework (three-year plan) targets industry-leading growth, near-term execution risks remain around capacity expansion, supply chain constraints, and the complexity of the Missile Solutions separation, tempering our outlook despite the strong momentum.
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Wire
L3Harris Technologies' 2026 Outlook 'Incrementally Conservative' After Strong Q1, RBC Says
L3Harris Technologies' (LHX) 2026 outlook seems "incrementally conservative," given the strong Q1, with the company expected to raise guidance with its Q2 results, RBC Capital Markets said in a note emailed Friday.For 2026, the company raised its earnings outlook to a range of $11.40 to $11.60 per share from $11.30 to $11.50. It continues to expect full-year revenue of $23 billion to $23.5 billion.L3Harris' management sounded confident in the full-year revenue outlook and suggested the strong current momentum could lead to a 2026 guidance update with Q2 results, RBC analysts said. The company also indicated that the new chief financial officer's short tenure contributed to the decision not to raise guidance after the strong Q1, they added."We believe investors will continue to view the guide as conservative even after raising the revenue guide for 2026 after the Q4 2025 results," the analysts said.The analysts said the company could benefit from mid-single-digit organic growth, while a stronger focus on execution should help support confidence in its 2026 margin targets. Improved capital allocation, including debt reduction, may also act as a positive catalyst, they said.RBC maintained its sector perform rating and $365 price target on L3Harris.Price: $314.10, Change: $-6.45, Percent Change: -2.01%
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Wire
BNP Paribas Adjusts L3Harris Technologies Price Target to $330 From $390
L3Harris Technologies Inc (LHX) has an average rating of overweight and mean price target of $391.79, according to analysts polled by FactSet.Price: $314.57, Change: $-5.98, Percent Change: -1.87%
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Wire
UBS Adjusts Price Target on L3Harris Technologies to $330 From $362, Maintains Neutral Rating
L3Harris Technologies Inc (LHX) has an average rating of overweight and mean price target of $391.79, according to analysts polled by FactSet.Price: $316.13, Change: $-4.42, Percent Change: -1.38%
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