Analysts are Downgrading These 5 Stocks

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In this article, we discuss the 5 stocks receiving downgrades from analysts. If you want to see some more companies whose ratings were recently cut by analysts, go directly to Analysts are Downgrading These 10 Stocks.  

5. L3Harris Technologies, Inc. (NYSE:LHX)

Number of Hedge Fund Holders: 34

L3Harris Technologies, Inc. (NYSE:LHX) specializes in aerospace and defense technology. It designs and manufactures a range of radio communications products and systems. It is also famous for its advanced defense and commercial technologies for various industries.

The Florida-based company recently received a downgrade from BofA. The research firm lowered its ratings for L3Harris Technologies, Inc. (NYSE:LHX) from “Buy” to “Neutral” on Friday, November 11.

BofA Ronald Epstein thinks supply-chain headwinds will impact the growth of L3Harris Technologies, Inc. (NYSE:LHX). Epstein expects supply challenges to persist into 2024. He also cut his price target for the stock from $285 per share to $250 per share.

Follow L3Harris Technologies Inc. (NYSE:LHX)

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