LHX - L3Harris Technologies On Path To Financial Normalization Analyst Upgrades Stock | Benzinga
Raymond James analyst Brian Gesuale upgraded L3Harris Technologies Inc (NYSE: LHX) to Outperform from Market Perform and established a price target of $210.
The analyst is bullish on the company's improved fundamentals as it is expected to go from under-earning and over-levered to normalization in both aspects in the coming quarters.
Also, margins appear to bottom out as EAC adjustment headwinds have peaked, and NeXt generates savings of $500 million and >$2 of incremental EPS in FY25, says the analyst.
The analyst expects this to drive EBITDA margins to >18% from <16% over the next ...