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Melbourne Village Today
By the People, for the People
L3Harris Technologies Hits New 52-Week High on Analyst Upgrade
Shares of the aerospace and defense company reached a new one-year high after an analyst rating upgrade.
Published on Mar. 2, 2026
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Shares of L3Harris Technologies Inc. (NYSE:LHX) hit a new 52-week high during trading on Monday after Argus upgraded the stock to a strong-buy rating. The stock traded as high as $377.38 before closing at $376.53, with over 440,000 shares traded.
Why it matters
L3Harris Technologies is a major player in the aerospace and defense industry, providing communications systems, avionics, electronic warfare, and other critical technologies. The analyst upgrade and resulting stock price increase indicate growing confidence in the company's performance and future prospects.
The details
Several other analysts have also issued positive research reports on L3Harris in recent months, with the stock receiving a consensus 'Moderate Buy' rating from 15 analysts who have a buy recommendation and 4 who have a hold recommendation. The average price target is $328.57.
- Shares of L3Harris Technologies hit a new 52-week high on Monday, March 2, 2026.
The players
L3Harris Technologies
An American aerospace and defense company formed in 2019 through the combination of L3 Technologies and Harris Corporation. The company designs, manufactures and supports a broad range of technology solutions for government and commercial customers, with a particular emphasis on defense, intelligence and public safety applications.
Argus
An investment research and financial data firm that provides independent research, data, news, analytics, and investment recommendations.
What they’re saying
“We must not let individuals continue to damage private property in San Francisco.”
— Robert Jenkins, San Francisco resident (San Francisco Chronicle)
The takeaway
The strong performance and analyst confidence in L3Harris Technologies reflects the company's leading position in the aerospace and defense industry, as it continues to develop innovative technologies that are in high demand from both government and commercial customers.
