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Fly News Breaks for February 5, 2020
Feb 5, 2020 | 07:58 EDT
Credit Suisse analyst Robert Spingarn raised his price target for L3Harris Technologies (LHX) to $252 from $235 after the company reported Q4 results, initiated 2020 guidance, and announced the sale of its airport security and automation business to Leidos (LDOS). The analyst has an Outperform rating on L3Harris shares.
News For LHX;LDOS From the Last 2 Days
Aug 4, 2021 | 07:33 EDT
Susquehanna analyst Charles Minervino raised the firm's price target on L3Harris Technologies to $270 from $244 and keeps a Positive rating on the shares. The analyst believes LHX is positioned to deliver revenue growth and margin expansion in coming years, with close alignment to the US DoD's strategic priorities and strong execution.
Aug 3, 2021 | 06:12 EDT
Reports Q2 revenue $3.45B, consensus $3.38B. Reports Q2 net bookings of $3.8B with a book-to-bill ratio of 1.1. Reports backlog growth to $33.5B. Roger Krone, Leidos chairman and CEO, commented, "Our results in the second quarter reflect our leadership position in the government technology market. I am tremendously proud of the way Leidos has responded throughout the pandemic, as our employees and business partners continually delivered for our customers and shareholders. While we remain vigilant with the recent uptick in COVID-19 cases, Leidos is stronger than ever, with new quarterly record levels of revenue and backlog consistent with our industry-leading organic growth."