Investors could benefit from the discount in L3Harris Technologies shares relative to its defense technology peers, according to Wells Fargo.
L3Harris Technologies stock has slipped more than 17% from the start of the year.
LHX YTD mountain L3Harris Technologies stock.
The analyst added that estimates have likely bottomed for L3, and that a government shutdown has typically benefited defense stocks.
In the same report, Akers also upgraded Lockheed Martin to equal weight from underweight, and left his price target at $440.
Persons:
Wells, Matthew Akers, Akers, Lockheed Martin, Price, Northrop, Booz Allen Hamilton, Harris, — CNBC's Michael Bloom
Organizations:
L3Harris Technologies, Lockheed, General Dynamics, Northrop Grumman, Raytheon, Booz, CACI, Leidos Holdings, Citigroup
Locations:
Wells Fargo