Market Overview

Sterne Agee Maintains Neutral on Harris Group


Sterne Agee reiterates its Neutral rating on Harris Corp (NASDAQ: HRS) as the company continues shaping its portfolio.

Sterne Agee notes, "We would anticipate HRS to continue to pursue portfolio shaping activities given the difficult defense spending environment. Further, Brown's (new C.E.O.)background in corporate development would suggest additional pruning is supported by the board. The Broadcast Communications business segment's laggard performance dictates that it could be the next shoe to drop in HRS' reshaping activities."

HRS closed at $43.03 a share on Friday.

Posted-In: Sterne AgeeAnalyst Color Price Target Reiteration Intraday Update Analyst Ratings


Related Articles (HRS)

View Comments and Join the Discussion!