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Stock impact report

L3Harris Technologies: Defensive Play Is On The Move [Seeking Alpha]

L3Harris Technologies, Inc. (LHX) 
Last l3harris technologies, inc. earnings: 2/4 06:30 am Check Earnings Report
Company Research Source: Seeking Alpha
LHX shares have outperformed, rising nearly 50% in 18 months, but this is driven mainly by valuation multiple expansion rather than strong earnings growth. Organic growth remains modest, and leverage is still present, with a dividend yield now at just 1.6%, reducing the stock's appeal. At current prices near $300, risk-reward is unattractive given limited operational improvement and a stretched valuation multiple. JHVEPhoto/iStock Editorial via Getty Images In the spring of 2024, I concluded that the defensive qualities of L3Harris ( LHX still had to come through. The company has been very aggressive with M&A moves over the past decade in order to More on my IG service If you like to see more ideas, please subscribe to the premium service "Value in Corporate Events" here and try the free trial. In this service we cover major earnings events, M&A, IPOs and other significant corporate events with actionable ideas. Furthermore, we provide coverage of situations and names on Show less Read more
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