L3Harris Likely To Report Decline In Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

L3Harris Technologies, Inc. LHX is expected to report its second-quarter financial results, after the closing bell on July 26, 2023.

Analysts expect the company to post quarterly earnings at $2.94 per share, down from year-ago earnings of $3.23 per share. The company’s revenue might come in at $4.37 billion.

L3Harris Technologies shares gained 0.4% to close at $201.55 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Baird analyst Peter Arment maintained a Neutral rating and cut the price target from $241 to $222 on May 1, 2023. This analyst sees around 10% upside in the company’s stock and has an accuracy rate of 73%.
• Truist Securities analyst Michael Ciarmoli maintained a Buy rating and cut the price target from $264 to $255 on Jan. 30, 2023. This analyst sees around 27% upside in the company’s stock and has an accuracy rate of 75%.
• Cowen & Co. analyst Gautam Khanna maintained an Outperform rating and cut the price target from $260 to $240 on Jan. 12, 2023. This analyst sees around 19% upside in the company’s stock and has an accuracy rate of 71%.
• Argus Research analyst John Eade downgraded the stock from Buy to Hold on Nov. 10, 2022. This analyst has an accuracy rate of 72%.
• Wolfe Research analyst Myles Walton initiated coverage on the stock with a Peer Perform rating on Oct. 11, 2022. This analyst and has an accuracy rate of 73%.

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