Wells Fargo lowered the firm’s price target on L3Harris Technologies to $238 from $250 and keeps an Overweight rating on the shares. While most of the big catalysts are “now behind us,” the firm thinks L3Harris Technologies can still work from here with a cheaper valuation and better margin outlook vs most of its defense peers.
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Read More on LHX:
- Northrop named Top Defense Pick at Morgan Stanley after ‘clearing event’
- L3Harris sees FY24 Space & Airborne Systems revenue $6.9B-$7.1B
- L3Harris reports Q4 adjusted EPS $3.35, consensus $3.31
- L3Harris Technologies options imply 3.0% move in share price post-earnings
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