L3Harris: Q1 Beat And Raise Confirms Top Pick [Seeking Alpha]
L3Harris Technologies, Inc. (LHX)
Last l3harris technologies, inc. earnings: 2/4 06:30 am
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Source: Seeking Alpha
The quarter saw strong space performance across SAS and AR segments with significant YoY sales growth and increased profitability from efficiency gains and maturing programs. Despite the raise, I continue to view full-year guidance as conservative at just ~2% implied organic growth. I estimate further upward revisions should YTD performance continue into Q2. I reiterate my Overweight rating on shares and raise my YE24 price target by 13% to $283/sh, implying ~31% price upside and confirming LHX stock as my top pick in US defense. I initiated my coverage of L3Harris Technologies ( NYSE: LHX ) in October last year, rating the shares Overweight on a favorable portfolio focusing on the highest-growth military end markets and a heavily discounted valuation due to investor concerns about Recommended For You Recommended For You About LHX Stock
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LHX
News
- Norway sovereign wealth fund excludes three companies over ethical concerns [Yahoo! Finance]Yahoo! Finance
- L3Harris CEO to Present at Bernstein Annual Strategic Decisions Conference [Yahoo! Finance]Yahoo! Finance
- L3Harris CEO to Present at Bernstein Annual Strategic Decisions ConferenceBusiness Wire
- Global Explosive Trace Detection Market Size To Worth USD 12.1 Billion By 2033 | CAGR of 6.41% [Yahoo! Finance]Yahoo! Finance
- Aerojet Rocketdyne to be Propulsion Provider for the Next Generation InterceptorBusiness Wire
LHX
Earnings
- 4/25/24 - Beat
LHX
Sec Filings
- 5/8/24 - Form 3
- 5/1/24 - Form S-8
- 4/26/24 - Form 10-Q
- LHX's page on the SEC website