L3Harris Technologies Stock Outlook: Is Wall Street Bullish or Bearish?

L3Harris Technologies, Inc. (LHX) is a prominent player in the global aerospace and defense industry, boasting a market capitalization of $46.5 billion. The Florida-based company excels in advanced communications, electronic systems, and space and airborne solutions, delivering mission-critical technologies and innovative services to government and commercial clients around the world.

Shares of LHX have underperformed the broader market over the past year. The stock has gained 30.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 31.8%. In 2024, LHX is up 16.5% compared to SPX’s 25.8% rise on a YTD basis.