BUZZ-Argus lifts L3Harris PT on growing international sales, higher margins
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Argus has raised the price target for L3Harris Technologies (LHX) from $300 to $370, indicating a 25% upside from its last close of $295.93. The brokerage highlights LHX's diversified portfolio, which is crucial for the Golden Dome defense project and Lockheed Martin's supersonic jet. Increased international sales, productivity efforts, and a record backlog are expected to enhance margins, with management anticipating exceeding a 16% operating margin target for 2026. LHX shares have risen approximately 41% year-to-date.
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