Deutsche Bank Downgrades L3Harris Technologies to Hold, Raises Price Target to $257
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Scott Deuschle has downgraded L3Harris Technologies (NYSE:LHX) from Buy to Hold, while raising the price target from $245 to $257.
July 26, 2024 | 9:28 am
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NEUTRAL IMPACT
Deutsche Bank has downgraded L3Harris Technologies from Buy to Hold, but raised the price target to $257. This mixed signal may cause short-term volatility in LHX stock.
The downgrade from Buy to Hold suggests a less bullish outlook, which could put downward pressure on the stock. However, the raised price target to $257 indicates some underlying confidence in the company's valuation, potentially offsetting the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100