Truist Securities Maintains Buy on L3Harris Technologies, Lowers Price Target to $227
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Ciarmoli maintains a 'Buy' rating on L3Harris Technologies (NYSE:LHX) but has lowered the price target from $255 to $227.
October 20, 2023 | 4:56 pm
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NEUTRAL IMPACT
Despite the lowered price target, Truist Securities maintains a 'Buy' rating on L3Harris Technologies, indicating continued confidence in the company's performance.
The lowered price target might initially cause some investor concern, potentially leading to short-term price volatility. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100