Cowen & Co. analyst Cai Rumohr maintained a Buy rating on L3Harris Technologies (NYSE:LHX) on Friday, setting a price target of $240, which is approximately 14.43% above the present share price of $209.73.
Rumohr expects L3Harris Technologies to post earnings per share (EPS) of $0.92 for the second quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Strong Buy rating of shares in L3Harris Technologies, with an average price target of $223.7.
The analysts price targets range from a high of $240 to a low of $200.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $4.66 billion and a net profit of $568 million. The company's market cap is $43.11 billion.
According to TipRanks.com, Cowen & Co. analyst Cai Rumohr is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 5.5% and a 64.12% success rate.
L3Harris Technologies, Inc. is a technology-oriented aerospace and defense company that provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. The company was formed following the merger of Harris Corporation and L3 Technologies in June 2019.