J.P. Morgan analyst Seth Seifman maintains $RTX Corp (RTX.US)$ with a buy rating, and adjusts the target price from $130 to $145.
According to TipRanks data, the analyst has a success rate of 71.0% and a total average return of 13.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $RTX Corp (RTX.US)$'s main analysts recently are as follows:
The firm notes that the performance trend for the Raytheon and Pratt & Whitney segments is positive. However, it is mentioned that Collins' margin faces impacts from the reduced narrowbody volume, which is consequent upon the Boeing strike and existing supply chain challenges. It is stated that, considering the prevailing circumstances, the risk-reward scenario is seen as evenly poised.
The company demonstrated an 8% organic revenue growth in the quarter, bolstered by an 11% increase in commercial aftermarket growth and a 10% rise in defense. Furthermore, the company highlighted $36B in new awards and modestly raised its 2024 sales and earnings outlook. It was also noted that the risk associated with the GTF engine continues to diminish, and a re-evaluation of the 2025 free cash flow expectations is anticipated alongside the Q4 results.
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