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L3Harris Technologies reported strong earnings despite a drop in institutional ownership.
L3Harris Technologies, Inc. saw a drop in institutional ownership, with ARK Investment Management and other firms reducing their stakes.
Despite this, L3Harris reported a strong quarter, beating earnings estimates with $3.47 per share.
The company, valued at $38.45 billion, provides critical technology solutions for government and commercial sectors.
Analyst opinions range from "buy" to "hold," with some lowering price targets but maintaining positive ratings.
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L3Harris Technologies reportó ganancias fuertes a pesar de una caída en la propiedad institucional.