- L3Harris Technologies Inc (NYSE:LHX) Board of Directors has approved an additional $3.0 billion share repurchase authorization.
- The authorization brings the total current approval to approximately $4.5 billion.
- The board has also declared a quarterly cash dividend of $1.12 per share, payable on December 2, 2022, to shareholders of record on November 18, 2022.
- The company held $420 million in cash and equivalents as of July 1, 2022.
- L3Harris provides advanced defense and commercial technologies across space, air, land, sea and cyber domains.
- Price Action: LHX shares are trading higher by 2.08% at $243.96 on the last check Friday.
JP Morgan Downgrades FedEx to Neutral, Lowers Price Target to $214
JP Morgan analyst Brian Ossenbeck downgrades FedEx (NYSE:FDX) from Overweight to Neutral and lowers the price target from $258 to $214.
