JPMorgan lowers L3Harris target, places on ‘Positive Catalyst Watch’

JPMorgan lowered the firm’s price target on L3Harris Technologies to $210 from $220 and keeps a Neutral rating on the shares. The analyst also placed L3Harris on “Positive Catalyst Watch” ahead of the company’s investor day on December 11. “There are reasons to remain skeptical but our sense is that sentiment is already negative, which may also be a plus for this event,” the analyst tells investors in a research note. The firm is modeling mid-single-digit growth at Aerojet for 2024 through 2026.