Jefferies lowered the firm’s price target on L3Harris Technologies (LHX) to $250 from $260 and keeps a Buy rating on the shares as LHX has closed the sale of Commercial Aviation Solutions for $800M to TJC. The divestiture could be about a $480M headwind for the rest of 2025, driving the firm’s revenue estimate to $21.6B this year, versus guidance of $21.8B-$22.2B, including CAS, the analyst noted.
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