LHX | 07 May 2024 | AI Stock Analysis & News

L3Harris Technologies (LHX) stock price may see a short-term decrease after recent analyst target price increases.

Stock AI’s forecasts:
🔴 -5.1% short-term
🟢 +0.9% long-term

Stock AI’s (LHX) Forecast get (+6.9% Profit)

StockAI’s analysis delivers real-world results. On 07 March 2024, $LHX ($215.8), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $201.0 (🔴-6.9%). Selling LHX on this signal yielded a +6.9% profit 💰💰.

LHX-L3Harris Technologies, Inc. News

🟢 Federated Hermes Inc. increased its position in L3Harris Technologies, Inc. by 12.5% during the 4th quarter. 🟢 L3Harris Technologies announced a quarterly dividend of $1.16 per share. 🔴 Arkadios Wealth Advisors decreased its stake in L3Harris Technologies by 24.1% in the 4th quarter. 🔴 Sumitomo Mitsui Trust Holdings reduced its stake in L3Harris Technologies by 2.4%. 🟢 L3Harris Technologies had its target price increased by Royal Bank of Canada from $245.00 to $250.00. 🔴 Geneos Wealth Management Inc. trimmed its stake in L3Harris Technologies by 23.7%.

L3Harris Technologies, Inc. (LHX) has recently seen a mix of positive and negative news that has impacted its stock price. The increase in position by Federated Hermes Inc. and the announcement of a quarterly dividend have led to some positive sentiment among investors. However, the decrease in stake by Arkadios Wealth Advisors and Sumitomo Mitsui Trust Holdings has raised some concerns.

The target price increase by Royal Bank of Canada is a positive sign for the stock, indicating that analysts see potential for growth in the company. On the other hand, the trimming of stake by Geneos Wealth Management Inc. may have caused some investors to question the future prospects of L3Harris Technologies.

Overall, the recent news for L3Harris Technologies, Inc. has had a mixed impact on its stock price. While some developments have been positive, others have raised concerns among investors. It will be important to monitor how these factors continue to influence the stock in the short and long term.

LHX-L3Harris Technologies, Inc. Analyst Ratings

In recent analyst ratings for L3Harris Technologies, Inc. stock, there have been notable changes in recommendations:

📉 Alembic Global Advisors upgraded L3Harris Technologies from a “neutral” rating to an “overweight” rating.
📈 JPMorgan Chase & Co. raised the price target for L3Harris Technologies from $240.00 to $250.00.
📉 Royal Bank of Canada increased their target price for L3Harris Technologies stock from $245.00 to $250.00.

Analyst ratings play a crucial role in guiding investors’ decisions, and these recent changes could indicate positive momentum for L3Harris Technologies, Inc. stock.

1. Yahoo Finance
2. ETF Daily News
3. ETF Daily News
4. ETF Daily News
5. ETF Daily News


Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.

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