Morgan Stanley analyst Kristine Liwag lowered the firm’s price target on L3Harris Technologies (LHX) to $250 from $260 and keeps an Equal Weight rating on the shares. The company’s formal 2025 outlook calls for $21.8B-$22.2B in sales, or about 4% year-over-year organic growth, and adjusted EPS of $10.55-$10.85, the analyst noted. Management said it see opportunities in the government’s DOGE initiative, but “it is not clear to us that Primes will be ultimate beneficiaries” of government cost-cutting and restructuring efforts, the analyst tells investors.
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