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Fly News Breaks for July 9, 2019
LHX
Jul 9, 2019 | 05:05 EDT
Goldman Sachs analyst Noah Poponak reinstated coverage of L3Harris Technologies with a Buy rating and added the shares to his firm's Conviction List. He has a $240 price target for the stock. L3Harris ss set to deliver upside to growth expectations "quickly" given recent contract wins and the current Department of Defense outlay strength, Poponak tells investors in a research note. He sees upside potential from the merger integration.
News For LHX From the Last 2 Days
LHX
Apr 23, 2024 | 15:06 EDT
L3Harris Technologies CEO Chris Kubasik tells employees the company will cut 5% of its workforce this year as part of a cost saving measure, Reuters' Utkarsh Shetti, Nathan Gomes and Mike Stone report, citing an email seen by the publication. The cuts represent about 2,500 of the roughly 50,000 employees the company had as of the end of last year, according to its annual filing. L3Harris is set to report its first-quarter results on Thursday, the authors note. Reference Link
