{
  "id": 5565605,
  "title": "L3Harris Technologies stock hits 52-week low at $258.43",
  "url": "https://urgent.news/2026/09/04/l3harris-technologies-stock-hits-52-week-low-at-258-43",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-04T13:33:00.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/l3harris-technologies-stock-hits-52week-low-at-25843-93CH-4889665"
  },
  "original_language": "en",
  "account": "L3Harris Technologies Inc.'s stock plummeted to a 52-week low of $258.43, marking a substantial decline for the defense and aerospace company. Over the past year, the stock has slipped by 3.76%, with an even steeper 28% drop in the past six months, according to InvestingPro data. This steep descent highlights the ongoing difficulties confronting the sector. Interestingly, InvestingPro analysis suggests that the $48.81 billion company may be underpriced at its current valuation, even earning a spot on the platform's list of undervalued stocks.\n\nInvestors are keenly observing L3Harris' performance and strategic maneuvers as it maneuvers through these trying circumstances. The company's recent Q2 2026 earnings report offered some relief, surpassing market expectations. Adjusted earnings came in at $3.13 per share, above the projected $2.80, while revenue reached $5.9 billion, slightly higher than the estimated $5.81 billion. Sales expanded by 8% compared to the prior year, and free cash flow surged by 37%.\n\nJefferies recently added L3Harris Technologies to its coverage list with a Hold rating and a price target of $315, expressing apprehension about the impact of leadership changes and the progress of the planned Missile Solutions initial public offering. These recent developments provide a glimpse into L3Harris' financial health and strategic outlook amidst the current market turbulence.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}