RBC Capital downgraded L3Harris Technologies (LHX) to Sector Perform from Outperform with a price target of $240, down from $250. The analyst cites the company’s slower 2024 revenue growth relative to its defense peers for the downgrade. For defense exposure, RBC’s top large-cap picks are General Dynamics (GD) and Lockheed Martin (LMT).
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LHX:
- Morgan Stanley Upgrades General Dynamics and Downgrades L3Harris (NYSE:LHX)
- Paramount, PayPal upgraded: Wall Street’s top analyst calls
- L3Harris Technologies downgraded to Equal Weight from Overweight at Morgan Stanley
- Firefly Aerospace and L3Harris Technologies sign multi-launch agreement
- L3Harris Technologies price target raised to $265 from $245 at Barclays
Questions or Comments about the article? Write to editor@tipranks.com