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Enter Symbol:
 
Harris Corporation (HRS) [hlAlert]

Rating:
Underperform
HRS
down 39.95 %

Harris Corporation (HRS) downgraded to Underperform by Oppenheimer

Posted on: Wednesday,  Mar 6, 2013  8:25 AM ET by Oppenheimer

Oppenheimer rated Underperform Harris Corporation (NYSE: HRS) on 03/06/2013. Previously Oppenheimer rated Perform
Harris Corporation (NYSE: HRS) on 10/14/2011., when the stock price was $36.34. Since then, Harris Corporation has gained 27.33% as of 03/06/2013's recent price of $46.27.

Harris Corporation (Harris), together with its subsidiaries, is an international communications and information technology (IT) company serving government and commercial markets in more than 150 countries. The Company is focused on developing assured communications products, systems and services for global markets, including radio frequency (RF) communications, government communications and broadcast communications. The Company is organized in three segments. Its RF Communications segment comprises Tactical Radio Communications, and Public Safety and Professional Communications businesses. Government Communications Systems segment comprises Defense Programs, National Intelligence Programs, Civil Programs and IT Services businesses. Broadcast Communications segment comprises Infrastructure and Networking Solutions, Media and Workflow, and Transmission Systems businesses. In November 2009, the Company acquired Patriot Technologies, LLC.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/6/2013 8:25 AM Sell
None
46.27
as of 12/13/2013
1 Week up  1.30 %
1 Month down  -2.64 %
3 Months down  -13.15 %
1 YTD down  -41.66 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/14/2011 8:25 AM None
None
36.34
3/23/2011 8:25 AM Buy
None
48.98 60.00
4/21/2010 8:25 AM Buy
None
49.71 55.00
3/23/2009 8:25 AM Buy
None
28.19 35.00
8/8/2007 9:25 AM Buy
None
58.53 66.00

(*) Stock Price at the time of the recommendation.
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