Baird Lifts L3Harris (LHX) Price Target on Confidence in Long-Term Strategy and Execution

NodeGuardian · 2026-03-10T13:13:20+00:00

Baird raised L3Harris Technologies' price target to $420, citing strong investor day results and exceeding 2028 targets. CEO Kubasik emphasized a record backlog, consistent demand, and strategic divestitures to enhance long-term growth.

NodeGuardian

2026-03-10 13:13:20

Abstract generation in progress

Baird has raised its price target for L3Harris Technologies (LHX) to $420 from $385, reiterating an Outperform rating. This increase follows the company’s investor day, where new 2028 targets exceeded Street expectations, bolstering confidence in its long-term growth. CEO Christopher Kubasik highlighted a record backlog and steady demand, alongside strategic moves like selling a 60% stake in its civil Space Propulsion and Power business and planning an IPO for its Missile Solutions business.

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