BofA analyst Ronald Epstein raised the firm’s price target on L3Harris Technologies to $215 from $210 and keeps a Neutral rating on the shares. While the “usual suspects” of excessive costs and IMS woes) persist, the company’s “intentions remain in the right place,” the analyst tells investors. Post the investor day, the firm remains constructive on L3Harris’ aims to focus on cutting costs through the LHX NeXt program, pay down debt and deploy remaining capital to shareholders.
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- L3Harris Technologies Incurs New Financial Obligation
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- L3Harris Secures $1.5 Billion Revolving Credit Facility
- L3Harris Technologies price target raised to $230 from $220 at TD Cowen
- L3Harris Technologies price target lowered to $238 from $250 at Wells Fargo
