Wells Fargo analyst Sarah Akers maintains $RTX Corp (RTX.US)$ with a buy rating, and adjusts the target price from $140 to $151.
According to TipRanks data, the analyst has a success rate of 64.7% and a total average return of 8.1% 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 cautious stance remains on the pace of aerospace original equipment manufacturing ramp-up, reflecting consistency with views expressed in December. Observations support this cautious outlook based on company communications towards the end of the fourth quarter. Concerns about defense funding and associated risks are likely to persist, possibly leaving unresolved issues as the quarter concludes. Nevertheless, there is a belief that the upcoming fiscal 2025 guidance could offer a chance to redefine the concluding year of the long-term outlook, envisioning a clear pathway to approximately $7 earnings per share by 2026. This projection is coupled with an improved free cash flow conversion post-product recall, which could align closely with industry multiples.
The outlook for Defense and IT services revenue is described as balanced but devoid of positive catalysts, according to a recent analysis for the Aerospace and Defense Electronics group. Despite this, the preference for the Commercial Aero sector is reaffirmed for 2024, with a focus on aftermarket heavy names continuing into 2025.
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