L3Harris Technologies Inc
LHX: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$264.00 | Zyltv | Qhbsgxb |
L3Harris Earnings: On the Way to a Franchise of Defense Franchises; Fair Value Estimate Up 2%
After reviewing L3Harris Technologies' first-quarter 2024 results on April 26, we have increased our fair value estimate for the narrow-moat defense contractor to $234 from $230, essentially for the time value of money. First-quarter revenue and profits came in close enough to our forecast that we did not alter our assumptions.