TD Cowen analyst Gautam Khanna raised the firm’s price target on L3Harris Technologies to $230 from $220 and keeps an Outperform rating on the shares. The firm said its Q4 results revealed improving EAC trends, and initial 2024 guidance, which was below consensus, should reset expectations to a realistic bar.
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Read More on LHX:
- Northrop named Top Defense Pick at Morgan Stanley after ‘clearing event’
- L3Harris sees FY24 Space & Airborne Systems revenue $6.9B-$7.1B
- L3Harris reports Q4 adjusted EPS $3.35, consensus $3.31
- L3Harris Technologies options imply 3.0% move in share price post-earnings
- Notable companies reporting after market close
