L3Harris Technologies price target raised to $300 from $258 at Susquehanna

Susquehanna analyst Charles Minervino raised the firm’s price target on L3Harris Technologies (LHX) to $300 from $258 and keeps a Positive rating on the shares. The Reconciliation bill added roughly $150bn in mandatory funding for defense on top of an otherwise roughly flat FY2026 Defense budget proposal. This development, coupled with rising international defense spending amid an increasingly heightened global threat environment, lengthens the Defense spend growth timeline, which is positive for L3 Harris Technologies.