tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

L3Harris Technologies: Strong Growth Potential and Resilience Justify Buy Rating

L3Harris Technologies: Strong Growth Potential and Resilience Justify Buy Rating

In a report released today, Gautam Khanna from TD Cowen maintained a Buy rating on L3Harris Technologies (LHXResearch Report), with a price target of $240.00.

Elevate Your Investing Strategy:

Gautam Khanna has given his Buy rating due to a combination of factors that highlight L3Harris Technologies’ strong position and potential for growth. The company has shown resilience with its Q1 earnings slightly surpassing expectations despite some challenges, and it has maintained its ambitious sales growth target for 2026. L3Harris’ minimal exposure to at-risk Department of Defense programs and its potential involvement in the Golden Dome initiative are seen as positive indicators for future performance.
Furthermore, the company’s NeXt initiative is expected to drive credible margin expansion, which, along with a stable free cash flow and margin guidance, supports the Buy rating. L3Harris is also positioned favorably compared to its peers, who face more significant program and execution issues. The company’s ongoing military radio orders and recent substantial bookings further reinforce its growth prospects, making it an attractive investment opportunity.

In another report released on April 25, Truist Financial also maintained a Buy rating on the stock with a $260.00 price target.

Disclaimer & DisclosureReport an Issue

1