- Harris Corporation (HRS +2.6%) rises after Raymond James gets bullish, upgrading the stock to Outperform from Market Perform.
- Analyst Chris Quilty thinks the recent tactical radio contract win "proves that HRS can successfully compete against larger, entrenched competitors [and] could prove additive to FY14 earnings as well as the company's valuation multiple."
- Price target is $65.
- Previous: HRS lands $38M tactical radio order
Raymond James upgrades Harris Corporation
Sep 25 2013, 11:53 ET