L3Harris Technologies price target lowered to $230 from $250 at Jefferies

Jefferies analyst Sheila Kahyaoglu lowered the firm’s price target on L3Harris Technologies to $230 from $250 and keeps a Buy rating on the shares following Q3 results that “held the course with solid growth” and the outlook for the year holding at mid-single digit organic growth. With a book-to-bill of 1.17X, the firm views growth as “sustainable with upside drivers,” the analyst tells investors, adding that L3Harris is the firm’s “top defense pick.”