Morgan Stanley Downgrades L3Harris Technologies to Equal-Weight, Lowers Price Target to $257
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded L3Harris Technologies (NYSE:LHX) from Overweight to Equal-Weight and lowered the price target from $275 to $257.
August 09, 2024 | 9:31 am
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NEGATIVE IMPACT
Morgan Stanley has downgraded L3Harris Technologies from Overweight to Equal-Weight and reduced the price target from $275 to $257.
The downgrade from Overweight to Equal-Weight and the reduction in the price target by Morgan Stanley is likely to negatively impact L3Harris Technologies' stock price in the short term as it reflects a less optimistic outlook from a major financial institution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100