L3Harris Technologies, Inc. (LHX) Backlog Growth Drives Higher Price View at Bernstein

L3Harris Technologies, Inc. (NYSE:LHX) is included among

12 Unstoppable Dividend Stocks to Buy According to Analysts.

On February 6, Bernstein raised its terms proposal connected L3Harris Technologies, Inc. (NYSE:LHX) to $405 from $398. It maintained an Outperform standing connected the shares. The steadfast pointed to the company’s Q4 results, reported connected January 29, which came successful up of statement EPS and showed a sizable summation successful backlog. In enactment with absorption guidance, Bernstein somewhat lowered its 2026 EPS estimation to bespeak a higher stock count. At the aforesaid time, the steadfast lifted its longer-term net outlook.

On January 30, L3Harris announced it had secured a U.S. Navy declaration to make Red Wolf vehicles for the Marine Corps’ precision-strike program. The Red Wolf is simply a long-range rocket designed to deed moving targets, including ships, astatine distances beyond 200 nautical miles. CEO Christopher Kubasik commented connected the program, saying:

"Our proven Red Wolf strategy tin bring affordable wide to the Marines' arsenal of precocious munitions wrong the timeline U.S. officials person outlined to enactment the astir lethal warring unit successful the world."

The institution archetypal introduced Red Wolf past July alongside Green Wolf, different long-range missile. Both systems were positioned arsenic lower-cost onslaught options arsenic the US subject works to rebuild limb stockpiles and reenforce its deterrence posture toward China successful the Pacific.

L3Harris Technologies, Inc. (NYSE:LHX) provides exertion solutions crossed space, air, land, sea, and cyber domains successful enactment of nationalist security. Its operations span Space & Airborne Systems, Integrated Mission Systems, Communication Systems, and Aerojet Rocketdyne.

While we admit the imaginable of LHX arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 15 Best Wide Moat Dividend Stocks to Invest in and 13 Best Long Term Low Risk Stocks to Buy Now

Disclosure: None.