L3Harris Technologies Trading Volume Drops 41% Despite Stock Price Gains and Defense Contracts

On June 23, 2025, L3Harris Technologies (LHX) saw a trading volume of $241 million, marking a 41.09% decrease from the previous day. The stock price rose by 0.55%, marking the second consecutive day of gains, with a total increase of 0.89% over the past two days.

L3Harris Technologies received a rating upgrade from Goldman Sachs Group, which changed its recommendation from "sell" to "buy" and increased the target price from $198.00 to $263.00. This positive outlook from a major financial institution could influence investor sentiment and potentially drive further stock price appreciation.

Additionally, L3Harris Technologies received a $24 million payment from the Department of Defense on March 21, 2025. This significant government contract highlights the company's strong position in the defense sector and its ability to secure substantial contracts, which can provide a stable revenue stream and support long-term growth.

UBS Group also adjusted its price target for L3Harris Technologies, raising it from $222.00 to $226.00 while maintaining a "neutral" rating. This adjustment reflects the company's ongoing performance and market dynamics, providing investors with a balanced view of its potential.

L3Harris Technologies, Inc. (LHX) was involved in a full-duration 'hot fire' test of a new RS-25 engine, which was built by the company. This test, conducted by NASA, lasted nearly eight and a half minutes, demonstrating the engine's reliability and performance. Such technological advancements and successful tests can enhance the company's reputation and attractiveness to investors.