Fintel reports that on August 9, 2024, Morgan Stanley downgraded their outlook for L3Harris Technologies (XTRA:HRS) from Overweight to Equal-Weight.
Analyst Price Forecast Suggests 13.18% Upside
As of August 6, 2024, the average one-year price target for L3Harris Technologies is 233,83 €/share. The forecasts range from a low of 168,43 € to a high of 306,67 €. The average price target represents an increase of 13.18% from its latest reported closing price of 206,60 € / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for L3Harris Technologies is 18,779MM. The projected annual non-GAAP EPS is 13.38.
What is the Fund Sentiment?
There are 2,105 funds or institutions reporting positions in L3Harris Technologies. This is an increase of 29 owner(s) or 1.40% in the last quarter. Average portfolio weight of all funds dedicated to HRS is 0.34%, an increase of 0.12%. Total shares owned by institutions decreased in the last three months by 1.97% to 190,108K shares.
What are Other Shareholders Doing?
Capital World Investors holds 11,518K shares representing 6.07% ownership of the company. In its prior filing, the firm reported owning 16,056K shares , representing a decrease of 39.40%. The firm decreased its portfolio allocation in HRS by 32.46% over the last quarter.
Price T Rowe Associates holds 9,631K shares representing 5.08% ownership of the company. In its prior filing, the firm reported owning 9,585K shares , representing an increase of 0.48%. The firm decreased its portfolio allocation in HRS by 7.26% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,976K shares representing 3.15% ownership of the company. In its prior filing, the firm reported owning 5,964K shares , representing an increase of 0.20%. The firm decreased its portfolio allocation in HRS by 7.58% over the last quarter.
Wells Fargo holds 5,265K shares representing 2.78% ownership of the company. In its prior filing, the firm reported owning 5,148K shares , representing an increase of 2.24%. The firm decreased its portfolio allocation in HRS by 68.64% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 4,777K shares representing 2.52% ownership of the company. In its prior filing, the firm reported owning 4,630K shares , representing an increase of 3.09%. The firm decreased its portfolio allocation in HRS by 7.95% over the last quarter.
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