Bank of America analyst upgraded the rating of L3Harris Technologies (LHX.US) from 'Neutral' to 'buy', and raised the target price from $240 to $300.
According to 10年company情况, Bank of America analyst upgraded the rating of L3Harris Technologies (LHX.US) from 'Neutral' to 'buy', and raised the target price from $240 to $300. Analysts stated that this aerospace & defense contractor is expected to benefit from its partnership with defense technology company Palantir (PLTR.US).
It is reported that l3harris technologies and palantir announced the establishment of a strategic partnership on October 23 to promote and accelerate l3harris's digital transformation. This cooperation involves various ongoing plans, including US Army projects, the use of Palantir's ai platform on l3harris systems, as well as the development of sensors, radios, and other advanced technologies.
Bank of America stated: 'The significant capability gap between traditional defense companies and new defense technology companies seems to be widening. We see this partnership as a forward-looking, reasonable strategic move.'
By Thursday's close, l3harris rose by 0.84% to $247.47. The stock has accumulated a 19% increase year-to-date.