L3Harris Technologies (LHX) PT Lowered to $274 at Truist Securities

Truist Securities lowered its price target on L3Harris Technologies (NYSE: LHX) to $274.00 (from $283.00) while maintaining a Buy rating.

The analyst commented: "2026 Targets Reaffirmed; Margins Still Have Room to Run; Demand Backdrop Remains Compelling; We maintain our BUY rating but slide our PT to $274 (from $283) post 4Q24. Results beat our/Street expectations, mgmt reaffirmed its '26 targets while slightly raising its op margin target but '25 guidance was light on EPS and FCF. Mgmt's shift to a new adj EPS metric may create noise and the growth acceleration needed to reach $23B in revs by 2026 will be worth monitoring considering organic rev growth will almost need to double the 2025 rate. NeXt continues to unlock savings and mgmt now sees $1.2B in savings and notably these efforts are well aligned with DOGE efforts. We note AR margins should have room to expand further in 2026."

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