Wall Street Bullish on L3Harris Technologies, Inc. (LHX) Despite Price Target Cuts
Key takeaways
- Wall Street Bullish on L3Harris Technologies, Inc.
- This is despite recent price target reductions following first-quarter financial results.
- The firm said it was waiting for contracts for missile growth plans to be signed.
Wall Street Bullish on L3Harris Technologies, Inc. (LHX) Despite Price Target Cuts Ashar Jawad Wed, May 13, 2026 at 5:33 PM GMT+7 2 min read LHX L3Harris Technologies, Inc. (NYSE:LHX) is among the 9 Best Drone Stocks to Buy According to Wall Street Analysts. As of the close of business on May 8, the stock is a Strong Buy with an average share-price upside potential of 30%.
This is despite recent price target reductions following first-quarter financial results. On May 4, Bernstein analyst Douglas Harned slashed the stock’s price target to $405 from $435, citing budget uncertainty for 2027.
The firm said it was waiting for contracts for missile growth plans to be signed. However, Bernstein reiterated its Outperform rating on L3Harris Technologies, Inc. (NYSE:LHX) after beating revenue and earnings estimates for Q1.