BofA analyst Ronald Epstein raised the firm’s price target on L3Harris Technologies to $240 from $215 and keeps a Neutral rating on the shares. In the near term, L3Harris continues to face headwinds from legacy businesses gained from less attractive prior M&A, says the firm, which notes that its increased price target gives credit for the company’s cost work and margin improvement.
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Read More on LHX:
- L3Harris Technologies price target raised to $245 from $238 at Wells Fargo
- 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
