Stock Price Prediction

Technical Analysis

Based on recent price action and technical indicators, LHX shows a bullish momentum after the recent dividend increase announcement. The stock has formed a strong support level around $200, with immediate resistance at $215.

News Impact Analysis

• Positive catalyst: L3Harris raised quarterly dividend by 3.4% to $1.20 per share, marking 24th consecutive annual increase
• Strategic partnership with Shield AI for electronic warfare operations enhances market position
• BofA maintains Buy rating with revised price target of $265
• Wells Fargo ($300) and Susquehanna ($258) maintain Buy ratings with significant upside potential

Price Projection for Next Week

• Base case (60% probability): $208-215

  • Driven by positive dividend news and strong analyst support
  • Technical indicators suggest momentum building above $200 support

• Bullish case (25% probability): $215-220

  • Potential breakout above resistance if broader defense sector rallies
  • Continued institutional buying following Cathie Wood's recent 32.7K share purchase

• Bearish case (15% probability): $195-200

  • Risk from potential defense budget cuts
  • General market volatility

Recommendation: BUY

• Entry point: Current levels ($203-205)
• Target: $215
• Stop loss: $198
• Strong institutional support and positive analyst sentiment combined with technical momentum suggest favorable risk-reward