RBC Capital Maintains Outperform on L3Harris Technologies, Lowers Price Target to $240
Portfolio Pulse from jenniferd'souza@benzinga.com
RBC Capital analyst Ken Herbert has maintained an 'Outperform' rating on L3Harris Technologies (NYSE:LHX) but lowered the price target from $250 to $240.
July 28, 2023 | 4:25 pm
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L3Harris Technologies' price target has been lowered from $250 to $240 by RBC Capital, though the 'Outperform' rating is maintained.
The lowering of the price target by RBC Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside for the stock, which could counterbalance the negative impact of the lowered price target.
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IMPORTANCE 70
RELEVANCE 100