Wells Fargo lowered the firm’s price target on L3Harris Technologies (LHX) to $268 from $269 and keeps an Overweight rating on the shares. The firm believes the international demand opportunity for U.S. defense stocks starts to look interesting, once near-term domestic funding risks die down.
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Read More on LHX:
- Palantir (PLTR) and TWG Global Enter Joint Venture to Boost AI Adoption in Finance Sector
- Citi believes it is time to buy defense stocks
- Cathie Wood’s ARK Investment buys 11.7K shares of L3Harris Technologies today
- L3Harris Technologies raises quarterly dividend to $1.20 per share from $1.16
- L3Harris Technologies and Shield AI team for electronic warfare operations
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