Royal Bank of Canada cuts target for L3Harris Technologies stock to USD 265.00

Published on 10/20/2026 at 20:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter results arrive October 29, 2026. L3Harris Technologies stock costs EUR 222.65, 2.37 percent above Stuttgart's close.

Analyst target and reporting date

Royal Bank of Canada cut its L3Harris Technologies target from USD 310.00 to USD 265.00 on October 15, 2026.
Third-quarter results are scheduled before the market opens on October 29, 2026.
L3Harris Technologies stock costs EUR 222.65 at Lang & Schwarz on October 20, 2026 at 8:33 p.m. CEST, 2.37 percent above the Stuttgart close of October 19, 2026.
Second-quarter revenue reached USD 5.88 billion, up 8.40 percent year over year.

Isometrische 3D-Grafik einer Produktionskette von Materiallager bis fertigem Funkgerät — Isometrische 3D-Illustration visualisiert Wertschöpfungskette der Elektronikfertigung von L3Harris Technologies, ISIN US5024311095, in vier Produktionsstufen, Illustration mit AI erstellt.

L3Harris Technologies (US5024311095) is heading toward a key analyst reset after Royal Bank of Canada cut its price target from USD 310.00 to USD 265.00 on October 15, 2026, while keeping a sector perform rating, as MarketBeat reported. The stock was at EUR 222.65 at Lang & Schwarz on October 20, 2026 at 8:33 p.m. CEST, 2.37 percent above the Stuttgart close of October 19, 2026 at EUR 217.50.

Analyst target falls to USD 265.00

The RBC move places a lower published target beside recent reductions from other firms. MarketScreener listed Bernstein's October 14, 2026 target at USD 318.00, down from USD 346.00, while its consensus table showed 20 analysts and an average target of USD 316.65, according to MarketScreener. RBC's USD 265.00 target is 5.34 percent above the USD 251.57 equivalent of the Lang & Schwarz price using the current euro quote and is not a euro price target.

Stock remains below its yearly high

The primary listing is on the NYSE, where the latest structured quote was USD 249.91 on October 20, 2026 at 2:35 p.m. ET. The 52-week range was USD 232.34 to USD 379.23, leaving the stock 34.89 percent below its high and 7.57 percent above its low. Market capitalization stood at USD 46.5 billion, the price-to-earnings ratio was 25.25, and volume reached 1,094,712 shares.

Results date gives the next checkpoint

L3Harris will release third-quarter 2026 results before the market opens on October 29, 2026, followed by an earnings call at 10:30 a.m. ET, according to the company's press release dated October 5, 2026, published by L3Harris Technologies. The scheduled release follows second-quarter revenue of USD 5.881 billion, operating profit of USD 654.0 million, net income of USD 586.0 million and diluted earnings per share of USD 3.13 for the period ended July 3, 2026.

Comparison with peers

L3Harris Technologies: up 2.37 percent, price-to-earnings ratio 25.25, market capitalization USD 46.5 billion.
General Dynamics (NYSE, USD): up 1.00 percent, price-to-earnings ratio 21.02, market capitalization USD 93.3 billion.
Lockheed Martin (NYSE, USD): up 0.41 percent, price-to-earnings ratio 20.28, market capitalization USD 127.1 billion.

Targets and results shape the setup

The immediate investor tension is numerical: RBC's USD 265.00 target is below Bernstein's USD 318.00 target, while the next company event is less than two weeks away. The second-quarter revenue comparison provides a recent operating benchmark, but the October 29 report will determine whether the company's USD 11.80 to USD 12.00 full-year adjusted earnings-per-share guidance remains supported, as MarketBeat reported.

Price and reporting date

L3Harris Technologies stock was trading at EUR 222.65 at Lang & Schwarz on October 20, 2026 at 8:33 p.m. CEST, 2.37 percent above the Stuttgart close of October 19, 2026 at EUR 217.50. The further course of trading is shown by the continuously updated real-time quote of L3Harris Technologies stock.