Raymond James upgraded L3Harris Technologies to Outperform from Market Perform with a $210 price target. The analyst says the business appears to be bottoming post the Q3 print. The firm expects a “mean reversion” after the stock underperformed the S&P 500 and peers by 36% and 15%, respectively, since a year ago as L3Harris goes from “under-earning and over-levered to normalization in both areas over the next few quarters.” It believes the company’s margins are poised to pivot higher.
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