Bernstein raised the firm’s price target on L3Harris Technologies (LHX) to $286 from $273 and keeps an Outperform rating on the shares. The firm cites more positive budget trends. Heading toward Q2 reporting, each defense company will need to provide investors with confidence that its key issues are in the past, Bernstein says. The firm sees Q2 reporting as offering potential for an inflection in defense stock performance.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LHX:
- Jefferies aerospace/defense analysts hold an analyst/industry conference call
- L3Harris Technologies price target raised to $279 from $260 at Truist
- Boeing Stock (NYSE:BA) Surges as Fuel Control Switches Considered in Air India Disaster
- L3Harris Technologies price target raised to $229 from $212 at Deutsche Bank
- Trump Trade: Fannie, Freddie ordered to explore crypto as federal mortgage asset