J.P. Morgan Resumes Coverage of L3Harris Technologies with Overweight Rating
J.P. Morgan has officially resumed coverage of L3Harris Technologies (LHX), assigning the defense contractor an 'Overweight' rating. The analyst firm set a price target of $320, suggesting a potential upside of approximately 15% from its recent closing price. The decision to upgrade the stock is driven by expectations of improving earnings quality and sustained high demand for advanced defense technologies. This move signals confidence in L3Harris's ability to capitalize on current geopolitical requirements and operational efficiencies.
