Harris Corp. started with Buy rating at Argus [Seeking Alpha]
HARRIS (HRS)
Last harris earnings: 5/1 06:30 am
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US:NYSE Investor Relations:
harris.com/investors
Company Research
Source: Seeking Alpha
Harris Corp. started with Buy rating at ArgusHarris Corp. (HRS+0.9%) is higher after Argus initiates coverage with aBuy rating and $16 price target, as the company should benefit from a substantial increase in military spending in the new federal budget agreement.Investors should expect HRS to post solid annual earnings growth of 16% over the next five years, which is nearly double the 8.8% annual earnings growth expected from its peers, according to Argus analyst Mike Jaffe, who believes the stock warrants a higher valuation, especially as it trades at a PEG ratio of just 1.3x, notably below the peer average of 2.1x.Click to subscribe to real-time analytics on HRSNow read:Platts: RINs drop to three-year lows following EPA waiver news »
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