JPMorgan analyst Seth Seifman raised the firm’s price target on L3Harris Technologies to $240 from $213 and keeps a Neutral rating on the shares. The company’s investor day was a positive catalyst for the stock and a key takeaway is that management is prioritizing margin expansion and cash flow, the analyst tells investors in a research note. The firm has “high confidence” in L3Harris’ targets for sales and cash flow. While the margin expansion goals “may not be a slam dunk,” they are achievable, says JPMorgan.
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