Defense boom and record orders: Morgan Stanley sees 45% upside potential for L3Harris

Buy recommendation with a target price of 402 dollars: Morgan Stanley rates L3Harris as "Overweight" and sees significant valuation potential. Expectations exceeded: In the third quarter, revenue climbed to 6.1 billion dollars; the EPS exceeded the consensus estimate at 3.28 dollars. Record backlog of 53.2 billion dollars: Framework contracts in the missile segment underpin mid-term goals and cash flow prospects until 2028. Global demand for defense goods is increasingly reflected in the metrics of the U.S. defense...