RBC Capital Downgrades L3Harris Technologies to Sector Perform, Lowers Price Target to $240
Portfolio Pulse from Benzinga Newsdesk
RBC Capital has downgraded L3Harris Technologies (NYSE:LHX) from Outperform to Sector Perform and lowered the price target from $250 to $240.
August 14, 2024 | 3:18 pm
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RBC Capital has downgraded L3Harris Technologies from Outperform to Sector Perform and lowered the price target from $250 to $240.
The downgrade from Outperform to Sector Perform and the reduction in the price target from $250 to $240 by RBC Capital is likely to negatively impact L3Harris Technologies' stock price in the short term. Downgrades typically signal reduced confidence in the company's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100