Wells Fargo analyst Matthew Akers added L3Harris Technologies to the firm’s Q4 2023 Tactical Ideas List. The firm thinks L3Harris’ numbers can start to move higher on AJRD accretion, with upside to its estimates if EACs recover. Catalysts include deal accretion, December Investor Day and asset divestitures, Wells adds. The firm has an Overweight rating on the shares with a price target of $209.
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