1847 Seeks Strategic Alternatives; Bullish Stance On L3Harris
- September 18th, 2023
- 494 views
Shares of 1847 Holdings LLC (NYSE American: EFSH) surged by more than 5% in pre-market trading following the company's announcement of engaging Spartan Capital Securities LLC to explore strategic alternatives geared towards boosting shareholder value. One notable option under consideration is the possibility of taking the company private.
$EFSH was trading at $1.25 in pre-market, up $0.11 (+9.65%)
In other news, Wells Fargo has upgraded L3Harris Technologies, Inc. (NYSE: LHX) from an Equal-Weight rating to Overweight and has simultaneously elevated the price target from $204 to $209.
With $LHX closing at $172.72 on Friday, the upgraded price target suggests a potential upside of $36.28 per share or approximately 21%, based on the financial services firm's analysis.
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