Argus analyst Kristina Ruggeri upgraded L3Harris Technologies (LHX) to Buy from Hold with a $300 price target Ongoing geopolitical tensions are creating a favorable backdrop for the company, the analyst tells investors in a research note. Going forward, the firm expects L3Harris to benefit from its record backlog, existing government contracts, and cost enhancements. Higher demand and productivity efforts are helping L3Harris to increase its margins and management now believes it will exceed its 16% segment operating margin target for 2026, notes Argus.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LHX:
- L3Harris Technologies upgraded to Buy from Hold at Argus
- L3Harris Technologies (NYSE:LHX) Wins $1 Billion Contract from U.S. Navy
- L3Harris Technologies awarded $999M contract from U.S. Navy
- BWX to acquire L3Harris’ AOT business for about $100M
- L3Harris Technologies management to meet virtually with Seaport Research