Wells Fargo raised the firm’s price target on L3Harris Technologies to $245 from $238 and keeps an Overweight rating on the shares. The firm says the 2024 setup looks attractive, with margins implied flat/down sequentially at IMS/SAS/AR and only slight sequential improvement CS despite improving international mix.
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Read More on LHX:
- L3Harris Technologies price target raised to $245 from $238 at Barclays
- L3Harris Technologies price target raised to $250 from $245 at RBC Capital
- L3Harris raises FY24 revenue view to $20.8B-$21.3B from $20.7B-$21.3B
- L3Harris raises FY24 adjusted EPS view to $12.70-$13.05 from $12.40-$12.80
- L3Harris Technologies reports Q1 adjusted EPS $3.06, consensus $2.90