Morgan Stanley adding a position in L3Harris Technologies (LHX)

Morgan Stanley analyst Kristine Liwag rates LHX Overweight with ~30% upside to her $264 price target (including a 2.13% dividend yield).

"We are adding a position in L3Harris Technologies, Inc. for three reasons: 1) attractive M&A roll-up story with mild network effects; 2) increasing global defense budgets; and 3) from a portfolio perspective, reduces the Model’s volatility and exposure to consumer discretionary while adding exposure to high-quality industrials."

For an analyst ratings summary and ratings history on L3Harris Technologies click here. For more ratings news on L3Harris Technologies click here.

Shares of L3Harris Technologies closed at $207.93 yesterday.

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