On Oct 23, major Wall Street analysts update their ratings for $RTX Corp (RTX.US)$, with price targets ranging from $130 to $150.
Morgan Stanley analyst Kristine Liwag maintains with a hold rating, and adjusts the target price from $120 to $130.
BofA Securities analyst Ronald Epstein maintains with a buy rating, and adjusts the target price from $140 to $145.
Wells Fargo analyst Matthew Akers maintains with a buy rating, and maintains the target price at $140.
TD Cowen analyst Gautam Khanna maintains with a buy rating, and maintains the target price at $142.
RBC Capital analyst Kenneth Herbert maintains with a hold rating, and adjusts the target price from $115 to $130.
Furthermore, according to the comprehensive report, the opinions of $RTX Corp (RTX.US)$'s main analysts recently are as follows:
The firm recognizes the positive direction of performance for Raytheon and Pratt & Whitney businesses. However, it notes that Collins' margin is affected by narrowbody volumes, which have been influenced by the Boeing strike and supply chain constraints. The assessment is that the risk-reward profile remains balanced at the current valuation.
The company exhibited an 8% organic revenue growth in the quarter, underscored by a strong 11% growth in the commercial aftermarket and a 10% increase in defense. Furthermore, the company highlighted $36B in new awards and a modest uplift in its 2024 sales and earnings outlook. Notably, while risks associated with the GTF engine continue to diminish, a reassessment of 2025 free cash flow projections is anticipated to coincide with the Q4 results.
Here are the latest investment ratings and price targets for $RTX Corp (RTX.US)$ from 6 analysts:
Note:
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