L3Harris Technologies price target lowered to $255 from $290 at Barclays

Barclays lowered the firm’s price target on L3Harris Technologies (LHX) to $255 from $290 and keeps an Overweight rating on the shares. Barclays sees aerospace generating positive relative earnings growth and further outperformance in 2025. However, this time the firm sees the upside being weighted more towards original equipment than aftermarket. While defense has underperformed, the setup “remains difficult” with more budget risk than thought given fiscal realities along with Department of Government Efficiency uncertainty, the analyst tells investors in a research note.