RBC Capital lowered the firm’s price target on L3Harris Technologies to $225 from $240 but keeps an Outperform rating on the shares. The company’s Q3 results were “positive”, but the quarter may not be enough to change a cautious narrative, the analyst tells investors in a research note, also noting that the firm sees sentiment inflection as focus shifts to 2024, RBC adds that continued execution improvement is “critical” for sentiment on L3Harris Technologies.
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Read More on LHX:
- L3Harris Technologies price target raised to $196 from $193 at Citi
- L3Harris upgraded to Outperform from Market Perform at Raymond James
- L3Harris Technologies narrows FY23 EPS view to $12.25-$12.45, consensus $12.25
- L3Harris Technologies says demand for company solutions ‘remains robust’
- L3Harris Technologies reports Q3 EPS $3.19, consensus $3.03