TD Cowen Cuts L3Harris Technologies (LHX) Price Target to $280

TD Cowen has maintained its Buy rating on L3Harris Technologies, lowering the price target from $370 to $280, a 14.42% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:09 PM EDT

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TD Cowen cut its price target on L3Harris Technologies, Inc. ($LHX) to $280 from $370 on October 9, 2026, and rates the stock "Buy".

Since the rating, $LHX is up 4.9% after 1 week and up 4.9% to date (from the $236.97 close on Oct 9, 2026).

LHX L3Harris Technologies, Inc.

$248.51 -17.37% year to date

Daily close · Oct 16, 2026

Key Points

On October 9, 2026, TD Cowen reiterated its Buy rating on L3Harris Technologies, lowering its price target to $280 from $370.
TD Cowen's $280 price target implies 14.42% upside from L3Harris Technologies, Inc.'s ($LHX) current $244.71 share price.
As of October 16, 2026, L3Harris shares were recently trading at $244.71, which is about 12.6% below the new analyst target.
L3Harris has a trailing twelve-month revenue of approximately $22.9 billion and is expected to report earnings on October 29, 2026.

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TD Cowen has maintained its Buy rating on L3Harris Technologies, Inc. (NYSE: LHX) and lowered its price target to $280 from $370 on October 9, 2026. This change comes as the company continues to deliver mission-critical solutions across its segments including Space & Mission Systems and Missile Solutions.

TD Cowen's Call on L3Harris Technologies

The firm reaffirmed its positive outlook for L3Harris, despite reducing the price target. The new target of $280 reflects a significant decrease, putting it below the recent trading price of $244.71 as of October 16, 2026. This represents a 12.6% gap from the analyst's target.

Other Institutional Activity in L3Harris Technologies

Several other institutional investors have also been active in L3Harris. Blackrock Inc. grew its holdings by 1,138,768 shares, ending with 19,015,816 shares worth about $4.73 billion. Vanguard Capital Management LLC added 27,912 shares, bringing its total to 12,163,586 shares valued at approximately $3.02 billion. Vanguard Portfolio Management LLC increased its stake by 54,433 shares, totaling 9,604,027 shares worth around $2.39 billion. State Street Corporation added 252,950 shares, reaching 9,097,353 shares valued at about $2.26 billion. However, Capital World Investors sold off 4,403,587 shares, reducing its holdings to 6,608,133 shares worth about $1.64 billion.

L3Harris Technologies, Inc. Stock Down 1.0%

The shares of L3Harris Technologies are trading at $244.71, which is significantly lower than the recently adjusted target of $280. This stock has experienced fluctuations, and the recent price indicates it is trading below the analyst's expectations.

12-month forecast

$LHX price target

L3Harris Technologies, Inc. daily closes and this analyst's $280 target. Not advice.

Recent Earnings

L3Harris reported trailing twelve-month revenue of approximately $22.9 billion. The company has a net margin of 8.2% and a return on equity of 9.3%. Investors will be watching closely as L3Harris is set to announce its next earnings report on October 29, 2026.

Insider Buying and Selling at L3Harris Technologies, Inc.

Recent insider activity includes several officers selling shares. Jon Rambeau and Samir Mehta each sold 5,528 shares on March 2, 2026, at an average price of $370.32, totaling about $2.05 million each. Melanie Rakita also sold 3,129 shares on the same date, valued at approximately $1.09 million, and later sold 2,180 shares on May 5, 2026, at an average price of $310.45, worth around $676,781.

Analysts Set New Price Targets

On October 9, 2026, TD Cowen maintained its Buy rating on L3Harris Technologies with a new price target of $280, down from $370. The consensus among analysts shows a mix of ratings, with firms like Susquehanna and UBS maintaining their positions while Guggenheim initiated coverage with a Buy rating and a target of $365. The current consensus reflects a cautious optimism around the stock's performance.

About L3Harris Technologies

L3Harris Technologies, Inc. is a major player in the aerospace and defense sector, providing critical solutions for both government and commercial clients globally. The company operates through segments that include communications and missile solutions, which are pivotal in today's defense landscape.

Bottom Line

Investors should keep an eye on L3Harris as it prepares to report earnings on October 29, 2026. The recent price target revisions and insider selling may provide insights into the company’s direction amid changing market conditions.