BUZZ-Morgan Stanley lifts L3Harris, General Dynamics ratings to 'overweight'

Reuters12-16
BUZZ-<a href="https://laohu8.com/S/MSPQL">Morgan Stanley</a> lifts L3Harris, <a href="https://laohu8.com/S/GD">General Dynamics</a> ratings to 'overweight'

** Morgan Stanley upgrades ratings on U.S. defense cos L3Harris LHX.N and General Dynamics GD.N to "overweight" from "equal-weight"

** Brokerage says L3Harris is its top value pick among defense cos, citing strong momentum and strategic drivers that position LHX for long-term outperformance

** Says General Dynamics is poised for margin expansion and long-term growth, driven by Gulfstream certifications and a solid cash flow profile

** Brokerage says U.S. defense contractors remain insulated from tariff risks, aided by domestic supply chains and predominant government exposure

** As of last close, S&P 500 Aerospace & Defense index .SPLRCAED up 37.3% YTD

Company

New PT

Old PT

Upside to the stock's last close

L3Harris

$367

$350

27.2%

General Dynamics

$408

$385

19.8%

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))

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