Barclays Starts Harris Corp. (HRS) at Equalweight

Barclays initiates coverage on Harris Corp. (NYSE: HRS) with a Equalweight rating and a price target of $173.00.

Analyst David Strauss launches coverage on US Aerospace & Defense names with a Positive view. The analyst believes it is currently too soon to be cautious on the group and is expecting outsized EPS growth will offset potential relative valuation compression.

For an analyst ratings summary and ratings history on Harris Corp. click here. For more ratings news on Harris Corp. click here.

Shares of Harris Corp. closed at $160.35 yesterday.

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