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Is Harris Corporation Stock a Hidden Gem of the Defense Industry? 1 Analyst Thinks So


Is Harris Corporation Stock a Hidden Gem of the Defense Industry? 1 Analyst Thinks So

Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...

A couple weeks ago, I lamented the outrageous valuations of defense companies in this market. Valued on sales, all five of the nation's biggest defense contractors -- the Boeings, Lockheeds, and General Dynamics of the world -- sell for far more than their historical average one times annual sales ratio. But what about the up-and-comers?

Is a new recommendation just out this morning, investment banker Credit Suisse makes the case that government services and defense contractor Harris Corporation (NYSE: HRS) has emerged as a "Tier 1/Tier 2" defense contractor capable of competing with the best in the business -- and cheap enough to buy, to boot.

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Source: Fool.com

L3Harris Technologies Inc. Stock

€208.80
0.580%
The L3Harris Technologies Inc. stock is trending slightly upwards today, with an increase of €1.20 (0.580%) compared to yesterday's price.
With 25 Buy predictions and not a single Sell prediction L3Harris Technologies Inc. is an absolute favorite of our community.
With a target price of 219 € there is a slightly positive potential of 4.89% for L3Harris Technologies Inc. compared to the current price of 208.8 €.
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