Barclays Upgrades Harris Corp. (HRS) to Overweight

November 13, 2018 4:43 AM EST
Get Alerts HRS Hot Sheet
Price: $189.13 --0%

Rating Summary:
    14 Buy, 6 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 15 | New: 24
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Barclays analyst David Strauss upgraded Harris Corp. (NYSE: HRS) from Equalweight to Overweight with a price target of $181.00 (from $189.00).

The analyst incrementally more positive citing his own expectations for outsized growth ahead of the pending merger with LLL. The analyst is expecting strong revenue growth coupled with "commercial-like operating leverage" along with material capital deployment to be factors that stand on their own. He believes the LLL merger will enhance there characteristics of the company.

For an analyst ratings summary and ratings history on Harris Corp. click here. For more ratings news on Harris Corp. click here.

Shares of Harris Corp. closed at $148.70 yesterday.

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