L3Harris Technologies (LHX) PT Raised to $435 at Bernstein

Bernstein SocGen Group analyst Douglas Harned raised the price target on L3Harris Technologies (NYSE: LHX) to $435.00 (from $406.00) while maintaining an Outperform rating.

The analyst commented: "Post-Investor Day and a new 2028 framework; L3Harris remains our top choice among US defense primes, given its alignment with Pentagon priorities and demonstrated improvement in operational performance. The company also appears particularly focused on helping to shape this administration’s approaches to defense investment and acquisition. We view the new arrangement for government investment of $1bn in its Missile Solutions business as an example of success. Backlogs have moved sharply higher."

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