Jefferies has updated its price target for L3Harris Technologies (LHX). They lowered the target to $250 from $260 while maintaining a Buy rating. This change comes after LHX sold its Commercial Aviation Solutions for $800 million. This sale will impact LHX's revenue for 2025.
- Price target reduced to $250
- Company sold business for $800 million
- Revenue estimate for 2025 now $21.6 billion
- Previous guidance was $21.8B-$22.2B
| Fact | Value |
|---|---|
| New Price Target | $250 |
| Sale Amount | $800M |
| 2025 Revenue Estimate | $21.6B |
