L3Harris Technologies (LHX) PT Raised to $280 at RBC Capital

RBC Capital analyst Ken Herbert raised the price target on L3Harris Technologies (NYSE: LHX) to $280.00 (from $265.00) while maintaining a Sector Perform rating.

The analyst commented: "2H25 and 2026 outlook improving, valuation reflects near-term upside; L3Harris (LHX) posted strong 2Q25 results, with adj. EPS of $2.78, and 6% organic growth. LHX raised its 2025 guidance, and slightly increased its 2026 targets. Management remains confident in its ability to benefit from the emerging DoD programs (Golden Dome) and new priorities. LHX posted a 2Q25 B2B of 1.5x. The company is ahead of its LHNext cost plan, with execution showing continued improvement in execution. We are encouraged by the improved 2H25 and 2026 outlook, but believe much of the near-term upside is reflected in current valuation. Maintaining our SP rating, PT to $280."

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