L3Harris Technologies price target raised to $300 from $293 at Truist

Truist raised the firm’s price target on L3Harris Technologies (LHX) to $300 from $293 and keeps a Buy rating on the shares. L3Harris reported solid results that were anchored by record bookings and a narrowing up of revenue and adjusted EPS guidance on an upward revision to the adjusted operating margin outlook, the analyst tells investors in a research note. The combination of cost optimization, higher margin software sales, and radio volumes in addition to accelerating solid rocket motor sales leads Truist to believe a 16% margin will materialize for 2025 and that organic revenue growth will accelerate in 2025 and 2026.