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Fly News Breaks for February 5, 2020
LHX
Feb 5, 2020 | 07:33 EDT
Raymond James analyst Brian Gesuale raised his price target for L3Harris Technologies to $239 from $219, saying the company continues to fire on all cylinders. Gesuale tells investors in a research note that he views L3Harris as having the best leverage to modernization with an improving business mix, upside earnings/free cash flow potential, and balance sheet power, all backed by a management team that is "on a roll." The analyst keeps an Outperform rating on the shares, saying the fundamentals are strong.
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