Research Alert: CFRA Maintains Hold Opinion On Shares Of L3harris Technologies, Inc.
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CFRA maintains a Hold opinion on L3Harris Technologies, raising the 12-month target to $369. They decreased the 2026 EPS estimate to $12.25 but introduced a 2027 EPS forecast of $14.76. LHX reported Q4 results with EPS beating consensus but slightly missing revenue. The company anticipates strong organic growth and has a record backlog exceeding $38B. However, uncertainties regarding the FY2027 defense budget may impact performance. Overall, shares are viewed as fairly valued at current levels.
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