L3Harris stock slips as Jefferies starts coverage at Hold
Published on 08/26/2026 at 22:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
L3Harris Technologies stock (ISIN US5024311095) traded at $262.17 on August 26, 2026 after Jefferies began coverage with a Hold rating and a $315 price target. The same report said the shares were near their 52-week low of $260.95, while the company's second-quarter 2026 results showed $3.13 in adjusted EPS and $5.9 billion in revenue.
Coverage starts with a cautious note
The new initiation gave the defense contractor a clear external benchmark for valuation, even as the stock still stood 25.6% below its level six months earlier. Jefferies also pointed to leadership uncertainty and the planned Missile Solutions IPO as the main reasons for the cautious stance.
The earnings comparison was still solid: adjusted EPS of $3.13 topped the $2.80 forecast by $0.33, and revenue of $5.88 billion beat the $5.81 billion estimate. Sales rose 8.4% from the same quarter a year earlier, and free cash flow increased 37%.
Guidance stays in view
The latest reported outlook keeps 2026 central to the story. L3Harris set FY 2026 EPS guidance at $11.80 to $12.00, while analysts tracked by MarketBeat expect $11.88 for the year.
That spread is narrow, which makes execution more important than broad sector optimism. The same data set also showed a market capitalization of $48.82 billion, a P/E ratio of 26.49, and a 200-day moving average of $319.37.
What the numbers say
The stock's 52-week range of $260.95 to $379.23 leaves the current quote closer to the floor than the ceiling. In practical terms, the market is asking whether the 8.4% revenue growth and 37% free-cash-flow gain from the latest quarter are enough to justify a rebound.
Missile Solutions
The product and portfolio angle remains tied to the planned Missile Solutions business, which Jefferies said still lacks a clear timetable. That makes the unit more than a side note, because it sits alongside the company's broader defense, intelligence, and space systems mix.
Share price context
L3Harris stock changed hands at $262.17 on August 26, 2026, with the quote sitting just above the 52-week low of $260.95. The market cap was $48.82 billion in the same snapshot.
Fact box
Company: L3Harris Technologies Inc.
ISIN: US5024311095
Ticker: LHX
Exchange: NYSE
Price (as of August 26, 2026, 6:12 a.m. ET): $262.17 USD
Market cap: $48.82 billion
Sector / Industry: Industrials / Aerospace and Defense
Index membership: S&P 500
