L3Harris Technologies price target lowered to $264 from $278 at Morgan Stanley

Morgan Stanley analyst Kristine Liwag lowered the firm’s price target on L3Harris Technologies to $264 from $278 and keeps an Overweight rating on the shares, calling the company’s guidance "clear-eyed" about supply chain and macro risk, which should reassure investors after a volatile 2022. The firm views L3Harris as "an attractive tactical value play in defense," the analyst tells investors.