RBC Capital lowered the firm’s price target on L3Harris Technologies (LHX) to $240 from $250 but keeps an Outperform rating on the shares. The company’s margin guide-down offset strong bookings, though the firm remains positive on the stock longer term for expected margin expansion, Aerojet Rocketdyne (AJRD) acquisition, and short cycle exposure, the analyst tells investors in a research note.
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