L3Harris Shares Tick Higher After Jefferies Initiation; Leadership and Axyv IPO Timeline Remain Key
L3Harris Technologies shares rose about 1% in morning trading to $264.50 after Jefferies initiated coverage with a Hold rating and a $315 price target. The firm highlighted uncertainty tied to a recent CEO change and the unclear timetable for the planned IPO of the Missile Solutions unit, Axyv. Fundamental metrics including a $42 billion backlog, r…