Harris Corporation (HRS) Receives Analyst Rating

Harris Corporation (HRS) has an average broker rating of 1.6, which is interpreted as a Buy, as rated by 5 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 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) : 5 investment research analysts covering Harris Corporation (HRS) have an average price target of $97.8 for the near short term. The highest target price given by the Brokerage Firm to the stock is $108 and the lowest target is $85 for the short term. Analysts expect the variance to be within $8.73 of the average price.


Also, Equity Analysts at the Citigroup maintains the rating on Harris Corporation (NYSE:HRS). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $95 per share to $112 per share. The rating by the firm was issued on September 7, 2016.

Harris Corporation (NYSE:HRS): After opening at $89.33, the stock dipped to an intraday low of $89.12 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $90.45 and the buying power remained strong till the end. The stock closed at $90.33 for the day, a gain of 0.87% for the day session. The total traded volume was 729,793. The stocks close on the previous trading day was $89.55.

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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