L3Harris Technologies price target raised to $265 from $240 at RBC Capital

RBC Capital analyst Ken Herbert raised the firm’s price target on L3Harris Technologies (LHX) to $265 from $240 and keeps a Sector Perform rating on the shares. L3Harris reported strong Q3 results, reflecting a positive inflection in Communications Systems margins and strong revenue in both the CS and Integrated Mission Systems segments, the analyst tells investors in a research note. While execution on the cost opportunities has been impressive, the firm believes the near-term opportunity is reflected in the stock.