On Oct 24, 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.
UBS analyst Gavin Parsons maintains with a hold rating, and adjusts the target price from $126 to $133.
TD Cowen analyst Gautam Khanna maintains with a buy rating, and maintains the target price at $142.
SIG analyst Charles Minervino maintains with a buy rating, and adjusts the target price from $140 to $150.
Furthermore, according to the comprehensive report, the opinions of $RTX Corp (RTX.US)$'s main analysts recently are as follows:
The firm acknowledges that performance trends for Raytheon and Pratt & Whitney are positive. However, it notes that Collins' margin faces challenges from reduced narrowbody volume, which is influenced by the Boeing strike and ongoing supply chain constraints. The firm's stance reflects a perspective that the current risk-reward scenario remains balanced.
Following the company's third-quarter earnings surpassing expectations, its organic revenue growth stood at 8%, fueled by an 11% rise in commercial aftermarket and a 10% increase in defense. The company highlighted $36 billion in new contracts and marginally raised its 2024 sales and earnings outlook. It was also noted that although the risk associated with the GTF engine continues to diminish, a revision on the 2025 free cash flow expectations is anticipated alongside the fourth-quarter outcomes.
Here are the latest investment ratings and price targets for $RTX Corp (RTX.US)$ from 5 analysts:
Note:
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