Morgan Stanley analyst Kristine Liwag raised the firm’s price target on L3Harris Technologies to $279 from $264 and keeps an Overweight rating on the shares, which the firm designates as its “Top Defense Pick” following the company’s investor day. While L3Harris offered “a relatively muted organic revenue growth outlook for 2024,” the firm thinks the targets could represent a new floor and it sees the risk-reward as skewing positive on upside potential, the analyst tells investors.
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