{ "run": { "id": "cmnr14gd504syp658v5bzn6ho", "region": "US", "assetId": "cmnr14gbt04sup658ziqp77kc", "ticker": "LHX", "snapshotId": "cmnr14gcw04swp658daqu1dj9", "promptTemplateId": "cmnqt07si0005lm3jzpxuu1ux", "createdAt": "2026-04-09T05:21:18.037Z", "promptTemplate": { "id": "cmnqt07si0005lm3jzpxuu1ux", "name": "Oficial 08.apr.2026", "version": 1 }, "snapshot": { "id": "cmnr14gcw04swp658daqu1dj9", "assetId": "cmnr14gbt04sup658ziqp77kc", "asOf": "2026-04-08T20:00:03.000Z", "snapshot": { "asOf": "2026-04-08T20:00:03.000Z", "quote": { "asOf": "2026-04-08T20:00:03.000Z", "open": null, "price": 361.97, "dayLow": 351.94, "volume": 1134566, "dayHigh": 362.46, "currency": "USD", "prevClose": 354, "week52Low": 195.99, "week52High": 379.23 }, "fundamentals": { "pe": 36.1414913957935, "beta": 0.862799300332378, "epsTTM": 5.23, "fcfTTM": 1259000000, "growth": { "epsYoy": 0.08343868520859674, "revenueYoy": -0.2737631887456037 }, "sector": "Search, Detection, Navigation, Guidance, Aeronautical Sys", "margins": { "net": 0.103699877316459, "gross": null, "operating": 0.1362433008329567 }, "website": null, "industry": null, "pegRatio": -1.03648634252936, "ebitdaTTM": 2106000000, "forwardPe": 15.1216, "marketCap": 46020545333, "totalCash": 1069000000, "totalDebt": 10443000000, "debtEquity": 0.333429839799267, "quickRatio": 0.337669526709106, "revenueTTM": 15487000000, "companyName": "L3HARRIS TECHNOLOGIES, INC. /DE/", "priceToBook": 1.94089918909841, "currentRatio": 1.189177968447274, "dividendYield": 0.0179232381086114, "returnOnAssets": 0.03898531375166889, "returnOnEquity": 0.0539953676896352, "analystOpinions": null, "businessSummary": null, "enterpriseValue": 46084280000, "analystTargetLow": null, "analystTargetHigh": null, "analystTargetMean": null, "fullTimeEmployees": null, "sharesOutstanding": 186776263, "enterpriseToEbitda": 21.88237416904084, "analystTargetMedian": null, "enterpriseToRevenue": 2.975675082327113, "operatingCashflowTTM": 3106000000, "analystRecommendationKey": null } }, "createdAt": "2026-04-09T05:21:18.032Z" }, "results": [ { "id": "cmnr14gd804t0p658yaacwjf3", "runId": "cmnr14gd504syp658v5bzn6ho", "modelId": "anthropic", "status": "SUCCESS", "rawOutput": "{\"model\":\"ai-equity-research-v1\",\"as_of\":\"2026-04-08T20:00:03.000Z\",\"ticker\":\"LHX\",\"currency\":\"USD\",\"current_price\":361.97,\"target_price_6m\":386,\"target_price_12m\":405,\"recommendation\":\"BUY\",\"confidence\":0.65,\"thesis_bullets\":[\"Forward PE ~15x signals significant earnings normalization ahead post-divestiture\",\"Defense spending tailwinds from rising global security budgets support organic growth\",\"Operating margin expansion expected as integration synergies continue to materialize\",\"Large revenue YoY decline reflects divestiture, not organic weakness; EPS still grew 8%\",\"Dividend yield ~1.8% plus buybacks provide supplementary shareholder returns\"],\"key_drivers\":[{\"driver\":\"Global defense budget increases driving order growth\",\"impact\":\"HIGH\",\"direction\":\"POS\"},{\"driver\":\"Post-divestiture portfolio simplification and margin focus\",\"impact\":\"HIGH\",\"direction\":\"POS\"},{\"driver\":\"LHX-NG integration synergy realization improving EBIT margins\",\"impact\":\"MED\",\"direction\":\"POS\"},{\"driver\":\"Strong operating cash flow ($3.1B TTM) enabling deleveraging\",\"impact\":\"MED\",\"direction\":\"POS\"},{\"driver\":\"Forward PE compression from trailing 36x to ~15x on normalized earnings\",\"impact\":\"HIGH\",\"direction\":\"POS\"},{\"driver\":\"Elevated net debt (~$9.4B) constraining financial flexibility\",\"impact\":\"MED\",\"direction\":\"NEG\"},{\"driver\":\"Quick ratio at 0.34 signals tight near-term liquidity\",\"impact\":\"LOW\",\"direction\":\"NEG\"},{\"driver\":\"Program execution risk on large classified and space contracts\",\"impact\":\"MED\",\"direction\":\"NEG\"}],\"risks\":[\"US defense budget sequestration or continuing resolution delays\",\"Program cost overruns on fixed-price development contracts\",\"Geopolitical détente reducing allied defense spending urgency\",\"Rising interest rates increasing refinancing cost on $10.4B debt\",\"Key personnel or clearance attrition in competitive labor market\"],\"assumptions\":{\"revenue_cagr_3y\":0.045,\"ebit_margin_target\":0.165,\"wacc\":0.09,\"terminal_multiple\":17},\"scenarios\":{\"bear\":{\"target_price\":310,\"prob\":0.2,\"notes\":\"Defense budget flat or cut; margin expansion stalls near 14%.\"},\"base\":{\"target_price\":405,\"prob\":0.55,\"notes\":\"Mid-single-digit organic growth; margins reach ~16% on synergies.\"},\"bull\":{\"target_price\":460,\"prob\":0.25,\"notes\":\"Accelerated bookings and margin expansion to 17%+ on mix shift.\"}},\"method_notes\":\"Blended forward PE (15-17x normalized EPS ~$24) and EV/EBITDA (16-18x) on post-divestiture earnings. Revenue decline is structural (divestiture), not organic. Forward PE gap vs trailing PE reflects large non-recurring charges depressing TTM EPS. Defense sector comps (RTX, NOC, GD) trade 16-19x fwd. 12M target ~$405 implies ~12% upside, consistent with BUY. Medium confidence due to earnings normalization uncertainty. Not investment advice.\"}", "parsedJson": { "as_of": "2026-04-08T20:00:03.000Z", "model": "ai-equity-research-v1", "risks": [ "US defense budget sequestration or continuing resolution delays", "Program cost overruns on fixed-price development contracts", "Geopolitical détente reducing allied defense spending urgency", "Rising interest rates increasing refinancing cost on $10.4B debt", "Key personnel or clearance attrition in competitive labor market" ], "ticker": "LHX", "currency": "USD", "scenarios": { "base": { "prob": 0.55, "notes": "Mid-single-digit organic growth; margins reach ~16% on synergies.", "target_price": 405 }, "bear": { "prob": 0.2, "notes": "Defense budget flat or cut; margin expansion stalls near 14%.", "target_price": 310 }, "bull": { "prob": 0.25, "notes": "Accelerated bookings and margin expansion to 17%+ on mix shift.", "target_price": 460 } }, "confidence": 0.65, "assumptions": { "wacc": 0.09, "revenue_cagr_3y": 0.045, "terminal_multiple": 17, "ebit_margin_target": 0.165 }, "key_drivers": [ { "driver": "Global defense budget increases driving order growth", "impact": "HIGH", "direction": "POS" }, { "driver": "Post-divestiture portfolio simplification and margin focus", "impact": "HIGH", "direction": "POS" }, { "driver": "LHX-NG integration synergy realization improving EBIT margins", "impact": "MED", "direction": "POS" }, { "driver": "Strong operating cash flow ($3.1B TTM) enabling deleveraging", "impact": "MED", "direction": "POS" }, { "driver": "Forward PE compression from trailing 36x to ~15x on normalized earnings", "impact": "HIGH", "direction": "POS" }, { "driver": "Elevated net debt (~$9.4B) constraining financial flexibility", "impact": "MED", "direction": "NEG" }, { "driver": "Quick ratio at 0.34 signals tight near-term liquidity", "impact": "LOW", "direction": "NEG" }, { "driver": "Program execution risk on large classified and space contracts", "impact": "MED", "direction": "NEG" } ], "method_notes": "Blended forward PE (15-17x normalized EPS ~$24) and EV/EBITDA (16-18x) on post-divestiture earnings. Revenue decline is structural (divestiture), not organic. Forward PE gap vs trailing PE reflects large non-recurring charges depressing TTM EPS. Defense sector comps (RTX, NOC, GD) trade 16-19x fwd. 12M target ~$405 implies ~12% upside, consistent with BUY. Medium confidence due to earnings normalization uncertainty. Not investment advice.", "current_price": 361.97, "recommendation": "BUY", "thesis_bullets": [ "Forward PE ~15x signals significant earnings normalization ahead post-divestiture", "Defense spending tailwinds from rising global security budgets support organic growth", "Operating margin expansion expected as integration synergies continue to materialize", "Large revenue YoY decline reflects divestiture, not organic weakness; EPS still grew 8%", "Dividend yield ~1.8% plus buybacks provide supplementary shareholder returns" ], "target_price_6m": 386, "target_price_12m": 405 }, "errorsJson": { "attempts": [], "providerMeta": { "provider": "anthropic", "webSearch": { "enabled": false, "maxToolCalls": 2, "disabledReason": null }, "pauseTurns": 0, "stopReason": "end_turn" }, "sanityIssues": [] }, "latencyMs": 33833, "createdAt": "2026-04-09T05:21:18.037Z", "usage": { "inputTokens": 3512, "outputTokens": 1650, "costUsd": 0.05881 } }, { "id": "cmnr14gd804t3p6585ldu607l", "runId": "cmnr14gd504syp658v5bzn6ho", "modelId": "deepseek.reasoner", "status": "SUCCESS", "rawOutput": "{\n \"model\": \"AI Equity Research Analyst\",\n \"as_of\": \"2026-04-08T20:00:03.000Z\",\n \"ticker\": \"LHX\",\n \"currency\": \"USD\",\n \"current_price\": 361.97,\n \"target_price_6m\": 370,\n \"target_price_12m\": 380,\n \"recommendation\": \"HOLD\",\n \"confidence\": 0.6,\n \"thesis_bullets\": [\n \"Revenue decline poses growth challenges but cost control supports EPS.\",\n \"Defense budget stability provides a reliable revenue base.\",\n \"High debt level could limit financial flexibility in the near term.\",\n \"Valuation multiples are elevated relative to historical norms.\",\n \"Integration risks from acquisitions may affect margin improvements.\"\n ],\n \"key_drivers\": [\n { \"driver\": \"Defense spending trends\", \"impact\": \"HIGH\", \"direction\": \"POS\" },\n { \"driver\": \"Revenue growth recovery\", \"impact\": \"MED\", \"direction\": \"NEG\" },\n { \"driver\": \"Operating margin expansion\", \"impact\": \"MED\", \"direction\": \"POS\" },\n { \"driver\": \"Free cash flow generation\", \"impact\": \"HIGH\", \"direction\": \"POS\" },\n { \"driver\": \"Debt and interest cost management\", \"impact\": \"LOW\", \"direction\": \"NEG\" },\n { \"driver\": \"Market volatility (beta <1)\", \"impact\": \"MED\", \"direction\": \"POS\" },\n { \"driver\": \"Competitive positioning in sector\", \"impact\": \"MED\", \"direction\": \"POS\" },\n { \"driver\": \"Economic cycle sensitivity\", \"impact\": \"LOW\", \"direction\": \"NEG\" }\n ],\n \"risks\": [\n \"Declining revenue trends persist.\",\n \"High valuation multiples may correct.\",\n \"Interest rate sensitivity from debt.\",\n \"Execution risks in cost-saving initiatives.\",\n \"Geopolitical uncertainties affecting budgets.\"\n ],\n \"assumptions\": {\n \"revenue_cagr_3y\": 0.02,\n \"ebit_margin_target\": 0.14,\n \"wacc\": 0.07,\n \"terminal_multiple\": 15\n },\n \"scenarios\": {\n \"bear\": { \"target_price\": 340, \"prob\": 0.2, \"notes\": \"Revenue decline continues and margins contract.\" },\n \"base\": { \"target_price\": 380, \"prob\": 0.6, \"notes\": \"Modest revenue recovery with margin improvement.\" },\n \"bull\": { \"target_price\": 400, \"prob\": 0.2, \"notes\": \"Strong defense spending boosts growth and margins.\" }\n },\n \"method_notes\": \"DCF valuation with 2% revenue CAGR, 14% EBIT margin, 7% WACC, 15x terminal multiple. HOLD as 12M upside ~5% and mixed evidence. Not investment advice.\"\n}", "parsedJson": { "as_of": "2026-04-08T20:00:03.000Z", "model": "AI Equity Research Analyst", "risks": [ "Declining revenue trends persist.", "High valuation multiples may correct.", "Interest rate sensitivity from debt.", "Execution risks in cost-saving initiatives.", "Geopolitical uncertainties affecting budgets." ], "ticker": "LHX", "currency": "USD", "scenarios": { "base": { "prob": 0.6, "notes": "Modest revenue recovery with margin improvement.", "target_price": 380 }, "bear": { "prob": 0.2, "notes": "Revenue decline continues and margins contract.", "target_price": 340 }, "bull": { "prob": 0.2, "notes": "Strong defense spending boosts growth and margins.", "target_price": 400 } }, "confidence": 0.6, "assumptions": { "wacc": 0.07, "revenue_cagr_3y": 0.02, "terminal_multiple": 15, "ebit_margin_target": 0.14 }, "key_drivers": [ { "driver": "Defense spending trends", "impact": "HIGH", "direction": "POS" }, { "driver": "Revenue growth recovery", "impact": "MED", "direction": "NEG" }, { "driver": "Operating margin expansion", "impact": "MED", "direction": "POS" }, { "driver": "Free cash flow generation", "impact": "HIGH", "direction": "POS" }, { "driver": "Debt and interest cost management", "impact": "LOW", "direction": "NEG" }, { "driver": "Market volatility (beta <1)", "impact": "MED", "direction": "POS" }, { "driver": "Competitive positioning in sector", "impact": "MED", "direction": "POS" }, { "driver": "Economic cycle sensitivity", "impact": "LOW", "direction": "NEG" } ], "method_notes": "DCF valuation with 2% revenue CAGR, 14% EBIT margin, 7% WACC, 15x terminal multiple. HOLD as 12M upside ~5% and mixed evidence. Not investment advice.", "current_price": 361.97, "recommendation": "HOLD", "thesis_bullets": [ "Revenue decline poses growth challenges but cost control supports EPS.", "Defense budget stability provides a reliable revenue base.", "High debt level could limit financial flexibility in the near term.", "Valuation multiples are elevated relative to historical norms.", "Integration risks from acquisitions may affect margin improvements." ], "target_price_6m": 370, "target_price_12m": 380 }, "errorsJson": { "attempts": [], "providerMeta": { "endpoint": "https://api.deepseek.com/v1/chat/completions", "provider": "deepseek", "webSearch": { "enabled": false, "supported": false }, "responseFormat": "json_object" }, "sanityIssues": [] }, "latencyMs": 353, "createdAt": "2026-04-09T05:21:18.037Z", "usage": { "inputTokens": 2031, "outputTokens": 4059, "costUsd": 0.002273 } }, { "id": "cmnr14gd804t1p658ysjav677", "runId": "cmnr14gd504syp658v5bzn6ho", "modelId": "gemini.3-pro", "status": "SUCCESS", "rawOutput": "{\n \"model\": \"LHX Fundamental Valuation Model\",\n \"as_of\": \"2026-04-08T20:00:03.000Z\",\n \"ticker\": \"LHX\",\n \"currency\": \"USD\",\n \"current_price\": 361.97,\n \"target_price_6m\": 385.0,\n \"target_price_12m\": 405.0,\n \"recommendation\": \"BUY\",\n \"confidence\": 0.65,\n \"thesis_bullets\": [\n \"Attractive forward valuation at 15x P/E compared to historical defense prime averages.\",\n \"Aerojet Rocketdyne integration provides strategic positioning in high-demand munitions and space sectors.\",\n \"Portfolio reshaping temporarily impacts top-line revenue but structurally improves operating margins.\",\n \"Strong free cash flow generation supports debt reduction and consistent dividend growth.\",\n \"Vulnerable to US defense budget continuing resolutions and potential spending caps.\"\n ],\n \"key_drivers\": [\n {\n \"driver\": \"US Defense Budget Allocations\",\n \"impact\": \"HIGH\",\n \"direction\": \"POS\"\n },\n {\n \"driver\": \"Aerojet Rocketdyne Synergies\",\n \"impact\": \"HIGH\",\n \"direction\": \"POS\"\n },\n {\n \"driver\": \"Global Geopolitical Tensions\",\n \"impact\": \"MED\",\n \"direction\": \"POS\"\n },\n {\n \"driver\": \"Supply Chain Constraints\",\n \"impact\": \"MED\",\n \"direction\": \"NEG\"\n },\n {\n \"driver\": \"Portfolio Divestitures\",\n \"impact\": \"MED\",\n \"direction\": \"POS\"\n },\n {\n \"driver\": \"Fixed-Price Contract Inflation\",\n \"impact\": \"MED\",\n \"direction\": \"NEG\"\n },\n {\n \"driver\": \"Share Repurchase Program\",\n \"impact\": \"LOW\",\n \"direction\": \"POS\"\n }\n ],\n \"risks\": [\n \"Prolonged US government continuing resolutions delaying new contract awards and outlays.\",\n \"Cost overruns and margin degradation on legacy fixed-price development contracts.\",\n \"Higher interest rates impacting debt servicing costs following recent acquisitions.\",\n \"Supply chain bottlenecks in critical electronic components and solid rocket motors.\"\n ],\n \"assumptions\": {\n \"revenue_cagr_3y\": 0.045,\n \"ebit_margin_target\": 0.16,\n \"wacc\": 0.085,\n \"terminal_multiple\": 16.0\n },\n \"scenarios\": {\n \"bear\": {\n \"target_price\": 310.0,\n \"prob\": 0.2,\n \"notes\": \"Defense budget cuts and prolonged continuing resolutions compress multiples and delay revenue.\"\n },\n \"base\": {\n \"target_price\": 405.0,\n \"prob\": 0.6,\n \"notes\": \"Steady budget execution and successful margin expansion drive a 17x forward P/E valuation.\"\n },\n \"bull\": {\n \"target_price\": 450.0,\n \"prob\": 0.2,\n \"notes\": \"Elevated global threat environment accelerates munitions restocking and drives multiple expansion.\"\n }\n },\n \"method_notes\": \"Valuation blends a 10-year DCF (8.5% WACC, 2% terminal growth) and a 17x target multiple on NTM EPS. The 12M target implies ~12% upside, supporting a BUY rating. Not investment advice.\"\n}", "parsedJson": { "as_of": "2026-04-08T20:00:03.000Z", "model": "LHX Fundamental Valuation Model", "risks": [ "Prolonged US government continuing resolutions delaying new contract awards and outlays.", "Cost overruns and margin degradation on legacy fixed-price development contracts.", "Higher interest rates impacting debt servicing costs following recent acquisitions.", "Supply chain bottlenecks in critical electronic components and solid rocket motors." ], "ticker": "LHX", "currency": "USD", "scenarios": { "base": { "prob": 0.6, "notes": "Steady budget execution and successful margin expansion drive a 17x forward P/E valuation.", "target_price": 405 }, "bear": { "prob": 0.2, "notes": "Defense budget cuts and prolonged continuing resolutions compress multiples and delay revenue.", "target_price": 310 }, "bull": { "prob": 0.2, "notes": "Elevated global threat environment accelerates munitions restocking and drives multiple expansion.", "target_price": 450 } }, "confidence": 0.65, "assumptions": { "wacc": 0.085, "revenue_cagr_3y": 0.045, "terminal_multiple": 16, "ebit_margin_target": 0.16 }, "key_drivers": [ { "driver": "US Defense Budget Allocations", "impact": "HIGH", "direction": "POS" }, { "driver": "Aerojet Rocketdyne Synergies", "impact": "HIGH", "direction": "POS" }, { "driver": "Global Geopolitical Tensions", "impact": "MED", "direction": "POS" }, { "driver": "Supply Chain Constraints", "impact": "MED", "direction": "NEG" }, { "driver": "Portfolio Divestitures", "impact": "MED", "direction": "POS" }, { "driver": "Fixed-Price Contract Inflation", "impact": "MED", "direction": "NEG" }, { "driver": "Share Repurchase Program", "impact": "LOW", "direction": "POS" } ], "method_notes": "Valuation blends a 10-year DCF (8.5% WACC, 2% terminal growth) and a 17x target multiple on NTM EPS. The 12M target implies ~12% upside, supporting a BUY rating. Not investment advice.", "current_price": 361.97, "recommendation": "BUY", "thesis_bullets": [ "Attractive forward valuation at 15x P/E compared to historical defense prime averages.", "Aerojet Rocketdyne integration provides strategic positioning in high-demand munitions and space sectors.", "Portfolio reshaping temporarily impacts top-line revenue but structurally improves operating margins.", "Strong free cash flow generation supports debt reduction and consistent dividend growth.", "Vulnerable to US defense budget continuing resolutions and potential spending caps." ], "target_price_6m": 385, "target_price_12m": 405 }, "errorsJson": { "attempts": [], "providerMeta": { "model": "gemini-3-pro-preview", "provider": "gemini", "webSearch": { "used": false, "allowed": false, "enabled": false, "requested": false, "disabledReason": null } }, "sanityIssues": [] }, "latencyMs": 25957, "createdAt": "2026-04-09T05:21:18.037Z", "usage": { "inputTokens": 2373, "outputTokens": 870, "costUsd": 0.015186 } }, { "id": "cmnr14gd804szp658us1r5nmw", "runId": "cmnr14gd504syp658v5bzn6ho", "modelId": "openai.gpt-5.4", "status": "SUCCESS", "rawOutput": "{\"model\":\"AI Model Recommendation v2\",\"as_of\":\"2026-04-08T20:00:03.000Z\",\"ticker\":\"LHX\",\"currency\":\"USD\",\"current_price\":361.97,\"target_price_6m\":372,\"target_price_12m\":382,\"recommendation\":\"HOLD\",\"confidence\":0.62,\"thesis_bullets\":[\"Defense and space demand supports multi-year order visibility.\",\"Aerojet and portfolio actions can lift margins and mix.\",\"Forward P/E implies earnings normalization despite rich trailing multiples.\",\"Balance sheet leverage and working-capital timing temper upside.\",\"Shares already discount much of near-term execution improvement.\"],\"key_drivers\":[{\"driver\":\"U.S./allied defense budgets\",\"impact\":\"HIGH\",\"direction\":\"POS\"},{\"driver\":\"Aerojet integration synergies\",\"impact\":\"MED\",\"direction\":\"POS\"},{\"driver\":\"LHX NeXt cost program\",\"impact\":\"HIGH\",\"direction\":\"POS\"},{\"driver\":\"Space and missile demand\",\"impact\":\"HIGH\",\"direction\":\"POS\"},{\"driver\":\"FCF conversion improvement\",\"impact\":\"MED\",\"direction\":\"POS\"},{\"driver\":\"Program timing delays\",\"impact\":\"MED\",\"direction\":\"NEG\"},{\"driver\":\"Leverage and interest burden\",\"impact\":\"MED\",\"direction\":\"NEG\"},{\"driver\":\"Valuation rerating risk\",\"impact\":\"HIGH\",\"direction\":\"NEG\"}],\"risks\":[\"Federal budget delays\",\"Aerojet integration misses\",\"Supply-chain execution issues\",\"Weak cash conversion\",\"Contract mix pressure\"],\"assumptions\":{\"revenue_cagr_3y\":5,\"ebit_margin_target\":16.5,\"wacc\":8.3,\"terminal_multiple\":15.5},\"scenarios\":{\"bear\":{\"target_price\":320,\"prob\":0.25,\"notes\":\"Budget timing and integration execution keep margins and cash conversion below plan.\"},\"base\":{\"target_price\":382,\"prob\":0.5,\"notes\":\"Moderate sales growth and margin expansion support modest upside from current levels.\"},\"bull\":{\"target_price\":445,\"prob\":0.25,\"notes\":\"Stronger missile-space demand and faster synergies drive earnings above expectations.\"}},\"method_notes\":\"Base target uses blended forward EPS and EV/EBITDA framing anchored to snapshot data; no sell-side targets used. Snapshot quote fields kept authoritative. HOLD matches ~5.5% 12M upside with defense demand offset by leverage, integration, and valuation. not investment advice\"}", "parsedJson": { "as_of": "2026-04-08T20:00:03.000Z", "model": "AI Model Recommendation v2", "risks": [ "Federal budget delays", "Aerojet integration misses", "Supply-chain execution issues", "Weak cash conversion", "Contract mix pressure" ], "ticker": "LHX", "currency": "USD", "scenarios": { "base": { "prob": 0.5, "notes": "Moderate sales growth and margin expansion support modest upside from current levels.", "target_price": 382 }, "bear": { "prob": 0.25, "notes": "Budget timing and integration execution keep margins and cash conversion below plan.", "target_price": 320 }, "bull": { "prob": 0.25, "notes": "Stronger missile-space demand and faster synergies drive earnings above expectations.", "target_price": 445 } }, "confidence": 0.62, "assumptions": { "wacc": 8.3, "revenue_cagr_3y": 5, "terminal_multiple": 15.5, "ebit_margin_target": 16.5 }, "key_drivers": [ { "driver": "U.S./allied defense budgets", "impact": "HIGH", "direction": "POS" }, { "driver": "Aerojet integration synergies", "impact": "MED", "direction": "POS" }, { "driver": "LHX NeXt cost program", "impact": "HIGH", "direction": "POS" }, { "driver": "Space and missile demand", "impact": "HIGH", "direction": "POS" }, { "driver": "FCF conversion improvement", "impact": "MED", "direction": "POS" }, { "driver": "Program timing delays", "impact": "MED", "direction": "NEG" }, { "driver": "Leverage and interest burden", "impact": "MED", "direction": "NEG" }, { "driver": "Valuation rerating risk", "impact": "HIGH", "direction": "NEG" } ], "method_notes": "Base target uses blended forward EPS and EV/EBITDA framing anchored to snapshot data; no sell-side targets used. Snapshot quote fields kept authoritative. 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Not investment advice.\"\n}", "parsedJson": { "as_of": "2026-04-08T20:00:03.000Z", "model": "AI Equity Valuation Model", "risks": [ "Budget cuts in key government contracts", "Integration challenges from past mergers", "Interest expense burden from high debt", "Intense competition from peers", "Delays in program executions" ], "ticker": "LHX", "currency": "USD", "scenarios": { "base": { "prob": 0.5, "notes": "Moderate growth recovery with stable margins.", "target_price": 405 }, "bear": { "prob": 0.25, "notes": "Persistent revenue weakness and margin erosion.", "target_price": 290 }, "bull": { "prob": 0.25, "notes": "Strong order intake and margin beat.", "target_price": 480 } }, "confidence": 0.62, "assumptions": { "wacc": 8.5, "revenue_cagr_3y": 5.5, "terminal_multiple": 18, "ebit_margin_target": 15 }, "key_drivers": [ { "driver": "Global defense budget increases", "impact": "HIGH", "direction": "POS" }, { "driver": "Revenue contraction in recent quarter", "impact": "HIGH", "direction": "NEG" }, { "driver": "EBIT margin expansion opportunities", "impact": "MED", "direction": "POS" }, { "driver": "Elevated leverage from total debt", "impact": "MED", "direction": "NEG" }, { "driver": "Consistent operating cash flow", "impact": "HIGH", "direction": "POS" }, { "driver": "Potential acquisition synergies", "impact": "MED", "direction": "POS" }, { "driver": "Valuation multiple risks", "impact": "MED", "direction": "NEG" }, { "driver": "Technological leadership in sector", "impact": "MED", "direction": "POS" } ], "method_notes": "DCF using assumed 3y revenue CAGR, target EBIT margin, WACC and terminal multiple. Modest 12% upside supports BUY. Not investment advice.", "current_price": 361.97, "recommendation": "BUY", "thesis_bullets": [ "Geopolitical risks drive higher defense spending", "TTM revenue drop highlights execution challenges", "Forward PE of 15x offers reasonable entry", "Strong FCF supports investment in innovation", "Focus on core tech to expand margins" ], "target_price_6m": 385, "target_price_12m": 405 }, "errorsJson": { "attempts": [], "providerMeta": { "provider": "xai", "webSearch": { "used": false, "enabled": false, "sources": [], "maxToolCalls": 2 }, "responseId": "8b52d7c1-25ab-93b1-96b8-da125da439a7", "usedFallbackChatCompletions": false }, "sanityIssues": [] }, "latencyMs": 18925, "createdAt": "2026-04-09T05:21:18.037Z", "usage": { "inputTokens": 2643, "outputTokens": 3341, "costUsd": 0.058044 } } ] } }