Analyst Rating Update on Harris Corporation (HRS)

Harris Corporation (HRS) has an average broker rating of 1.5, which is interpreted as a Strong Buy, as rated by 8 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Harris Corporation (HRS) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $105 and the lowest price target forecast is $85. The average forecast of all the analysts is $95 and the expected standard deviation is $6.45.

For the current week, the company shares have a recommendation consensus of Buy.


Harris Corporation (NYSE:HRS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $87.91 and $86.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $88.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $88.07, notching a gain of 0.11% for the day. The total traded volume was 1,347,351 . The stock had closed at $87.97 on the previous day.

Harris Corporation (Harris) together with its subsidiaries is engaged in providing technology-based solutions to government and commercial customers. As of July 3, 2015, the Company operated through four business segments: RF Communications, Government Communications Systems, Integrated Network Solutions and Exelis. The RF Communications segment is engaged in serving the United States Department of Defense (DoD) and International Tactical Communications, and public safety and professional communications markets. The Government Communications Systems segment is engaged in serving civil, national intelligence and defense markets. The Integrated Network Solutions segment is engaged in serving information technology (IT) services, and managed satellite and terrestrial communications solutions markets. The Exelis segment provides positioning and navigation, sensors, air traffic management solutions, image processing and distribution, communications and information systems.

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