Analyst Rating Update on Harris Corporation (HRS)

Harris Corporation (NYSE:HRS) : Zacks Investment Research ranks Harris Corporation (NYSE:HRS) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 1.5, which indicates as a Strong Buy.

Harris Corporation (NYSE:HRS) : Average target price received by Harris Corporation (NYSE:HRS) is $94.29 with an expected standard deviation of $6.18. The most aggressive target on the stock is $105, whereas the most downbeat target is $85. 7 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, Citigroup initiates coverage on Harris Corporation (NYSE:HRS). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Citigroup announces a current price target of $95 per share. The rating by the firm was issued on June 10, 2016.

Harris Corporation (NYSE:HRS): stock turned positive on Tuesday. Though the stock opened at $79.56, the bulls momentum made the stock top out at $80.34 level for the day. The stock recorded a low of $78.67 and closed the trading day at $80.3, in the green by 2.31%. The total traded volume for the day was 1,281,965. The stock had closed at $78.49 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Mehnert Dana A, officer (SVP, Chief Global Bus Dev Off) of Harris Corp /De/, had unloaded 100 shares at an average price of $82 in a transaction dated on June 10, 2016. The total value of the transaction was worth $8,200.

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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