Raymond James upgrades Harris Corporation

|About: Harris Corporation (HRS)|By:, SA News Editor

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.

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