Morgan Stanley analyst Kristine Liwag lowered the firm’s price target on L3Harris Technologies to $264 from $278 and keeps an Overweight rating on the shares, calling the company’s guidance "clear-eyed" about supply chain and macro risk, which should reassure investors after a volatile 2022. The firm views L3Harris as "an attractive tactical value play in defense," the analyst tells investors.
Published first on TheFly
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