Guggenheim starts L3Harris coverage with Buy and $365 target

Guggenheim initiated coverage on L3Harris Technologies (NYSE:LHX) with a Buy rating and a $365 price target, citing expected book-to-bill above 1 through 2026 and high-single-digit revenue growth with steady margins. The note said LHX shares have fallen about 30% to a 52-week low amid management turnover and a delayed miss.