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.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LHX:
- L3Harris Technologies price target raised to $300 from $270 at Susquehanna
- L3Harris Technologies price target raised to $265 from $240 at RBC Capital
- L3Harris Technologies price target raised to $275 from $257 at Morgan Stanley
- L3Harris Technologies price target raised to $295 from $260 at Wells Fargo
- Morning Movers: Capri sinks after judge blocks planned takeover by Tapestry