Jefferies analyst Sheila Kahyaoglu lowered the firm’s price target on L3Harris Technologies to $250 from $260 and keeps a Buy rating on the shares. Despite “what the share price reaction may tell you,” Q2 performance was “solid,” while the acquisition of Aerojet Rocketdyne provides long-term growth prospects and also signifies L3Harris as “one of the only acquirers in space,” the analyst tells investors in a post-earnings note.
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Read More on LHX:
- L3Harris Technologies price target lowered to $240 from $250 at RBC Capital
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