Goldman Sachs analyst Noah Poponak raised the firm’s price target on L3Harris Technologies to $164 from $162 but keeps a Sell rating on the shares. The analyst is updating the firm’s model after the company closed on its previously announced acquisition of Aerojet Rocketdyne Holdings. The transaction should broaden its ability to serve its customers in missile defense, hypersonics and space exploration, and further add to its alignment to U.S. DoD budget priorities, Goldman Sachs added.
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