Wells Fargo analyst Matthew Akers raised the firm’s price target on L3Harris Technologies to $230 from $219 and keeps an Equal Weight rating on the shares. The firm says the company’s initial guidance for 2023 looks conservative, but thinks budget concern and supply chain disruption continue to weigh on the stock.
Published first on TheFly
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Read More on LHX:
- L3Harris Technologies price target lowered to $264 from $278 at Morgan Stanley
- L3Harris Technologies price target lowered to $255 from $264 at Truist
- L3Harris Technologies price target raised to $270 from $265 at Susquehanna
- L3Harris Technologies rises 7.2%
- L3Harris sees FY23 adjusted EPS $12-$12.50, consensus $11.55
