Benchmark Reports On HRS Analyst Day

Benchmark has reported on its findings from Harris Corporation's (NYSE: HRS) Analyst Day last week.

According to the report, "We attended Harris' Analyst Day last week and walked away impressed with its strategy and optimistic about the future. Management addressed concerns about a fall off in US tactical radio business; it continues to expects modest growth in US tactical radio sales in FY12, excluding the $300 million M-ATV sales in FY11."

HRS has a Buy Rating and a $56 PT.

HRS sold for $46.52 at closing on Friday.