Wolfe Research upgraded L3Harris Technologies to Outperform from Peer Perform with a $300 price target The firm now has better confidence in a turning point in the company’s relative growth in sales and earnings as well as mid-teens free cash flow growth. The confidence aligns with the stock’s discounted valuation, trading 6-turns cheaper versus peers, the analyst tells investors in a research note. Wolfe says that after lagging peer growth for the last year, L3Harris can see a growth uptick into the end of 2025 and a potential convergence in 2025, followed by acceleration into 2026.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LHX:
- L3Harris Technologies upgraded to Outperform from Peer Perform at Wolfe Research
- L3Harris Technologies price target lowered to $250 from $252 at Deutsche Bank
- L3Harris exec Nibergall sells 2,988 common shares
- L3Harris Technologies awarded $142M Navy contract action
- L3Harris Technologies awarded $587M contract by U.S. Navy
Questions or Comments about the article? Write to editor@tipranks.com