On Oct 28, major Wall Street analysts update their ratings for $L3Harris Technologies (LHX.US)$, with price targets ranging from $275 to $300.
Morgan Stanley analyst Kristine Liwag maintains with a hold rating, and adjusts the target price from $257 to $275.
Wells Fargo analyst Matthew Akers maintains with a buy rating, and adjusts the target price from $260 to $295.
Wells Fargo analyst Sarah Akers initiates coverage with a buy rating, and sets the target price at $295.
Jefferies analyst Sheila Kahyaoglu maintains with a buy rating, and adjusts the target price from $275 to $295.
Truist Financial analyst Michael Ciarmoli maintains with a buy rating, and sets the target price at $300.
Furthermore, according to the comprehensive report, the opinions of $L3Harris Technologies (LHX.US)$'s main analysts recently are as follows:
L3Harris Technologies' updated 2024 EPS outlook appears more promising after exceeding Q3 expectations. The acceleration of cost savings driven by the company's LHX NeXt initiative is noted to be an encouraging development.
L3Harris Technologies showed robust performance in their third-quarter results, indicating a significant improvement in Communications Systems margins and robust revenue across the Communications Systems and Integrated Mission Systems segments. The company has demonstrated commendable execution on cost-saving opportunities, but it's believed that the near-term potential is already accounted for in the current stock valuation.
L3Harris Technologies seems poised to surpass its 2026 objectives as cost savings are realized earlier than anticipated. The company is noted to have considerable capital for deployment, with its balance sheet maintaining the targeted leverage ratio.
Here are the latest investment ratings and price targets for $L3Harris Technologies (LHX.US)$ from 6 analysts:
Note:
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