Citi Maintains Buy Rating and Adjusts Price Target for L3Harris Technologies
Citi analyst John Godyn has maintained a buy rating on L3Harris Technologies while adjusting the price target to $348.
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L3Harris Technologies is participating as a key industry partner in Raytheon's team for the U.S. Army's Joint Reduced Range Rocket program.
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Citi analyst John Godyn has maintained a buy rating on L3Harris Technologies while adjusting the price target to $348.
L3Harris Technologies has completed a $1 billion notes offering to support general corporate purposes, including the repayment of existing debt.
Filed: 2026-11-05 AccNo: 0000202058-26-000089 Size: 661 KB Item 8.01: Other Events Item 9.01: Financial Statements and Exhibits
L3Harris reported strong Q3 2026 results with 9% organic revenue growth and a record $53 billion backlog, driven by $11 billion in missile program contracts. The company is leveraging automation and AI to accelerate production while shifting focus from acquisitions to internal execution and debt reduction, positioning itself well for sustained defense spending.
B of A Securities has maintained its 'Buy' rating on L3Harris Technologies and increased its price target from $325 to $375.