UBS Maintains Neutral on L3Harris Technologies, Raises Price Target to $229
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Myles Walton has maintained a Neutral rating on L3Harris Technologies (NYSE:LHX) and increased the price target from $222 to $229.
January 29, 2024 | 4:11 pm
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UBS analyst Myles Walton maintains a Neutral rating on L3Harris Technologies but raises the price target from $222 to $229.
The increase in price target by UBS suggests a positive outlook on the stock's value, which could lead to a short-term increase in investor confidence and potentially a rise in the stock price. However, the Neutral rating indicates that the analyst does not see significant momentum or changes in fundamentals that would justify a more aggressive investment stance. Therefore, the impact is likely to be moderate.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100