BofA Securities Downgrades Raytheon Technologies Corp. (RTX) to Neutral, 'Hitting turbulence'
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Morgan Stanley cuts Raytheon (RTX) to equal-weight as GTF engine defect weighs
July 26, 2023 9:37 AM EDTMorgan Stanley downgraded Raytheon Technologies (NYSE: RTX) to an equal-weight rating (From Overweight) and cut their 12-month price target on the stock to $95.00 (from: $110.00) after the aerospace and defense company reported an unexpected manufacturing defect during their 2Q earnings report.
RTX saw a drop of 10.2% in their share price on Tuesday, following the disclosure of a manufacturing flaw associated with the Pratt & Whitney high pressure turbine (HPT) discs used in the Airbus A320neo Geared Turbofan (GTF) engine. The defect traces back to contaminated powdered metals produced from 2015 to 2021, impacting the... More
Raytheon Technologies Corp. (RTX) PT Lowered to $109 at TD Cowen
July 26, 2023 8:36 AM EDTTD Cowen analyst Cai von Rumohr lowered the price target on Raytheon Technologies Corp. (NYSE: RTX) to $109.00 (from $120.00) while maintaining a Outperform rating.... More
Raytheon Technologies Corp. (RTX) PT Lowered to $100 at JPMorgan
July 26, 2023 7:53 AM EDTJPMorgan analyst Seth Selfman lowered the price target on Raytheon Technologies Corp. (NYSE: RTX) to $100.00 (from $108.00) while maintaining a Overweight rating.... More
Raytheon Technologies Corp. (RTX) PT Lowered to $110 at Susquehanna
July 26, 2023 7:07 AM EDTSusquehanna analyst Christopher Rolland lowered the price target on Raytheon Technologies Corp. (NYSE: RTX) to $110.00 (from $117.00) while maintaining a Positive rating.... More
Raytheon Technologies Corp. (RTX) PT Lowered to $105 at RBC Capital
July 26, 2023 6:25 AM EDTRBC Capital analyst Ken Herbert lowered the price target on Raytheon Technologies Corp. (NYSE: RTX) to $105.00 (from $110.00) while maintaining a Outperform rating.... More
Raytheon Technologies Corp. (RTX) PT Lowered to $100 at Baird
July 26, 2023 6:19 AM EDTBaird lowered its price target on Raytheon Technologies Corp. (NYSE: RTX) to $100.00 (from $115.00) while maintaining a Outperform rating.... More
Langenberg Upgrades Raytheon Technologies Corp. (RTX) to Buy
July 26, 2023 6:14 AM EDTLangenberg analyst Brian Langenberg upgraded Raytheon Technologies Corp. (NYSE: RTX) from Hold to Buy.
For an analyst ratings summary and ratings history on Raytheon Technologies Corp. click here. For more ratings news on Raytheon Technologies Corp. click here.
Shares of Raytheon Technologies Corp. closed at $87.10 yesterday.
... MoreRaytheon Technologies Corp. (RTX) PT Lowered to $110 at Wolfe Research
July 26, 2023 4:45 AM EDTWolfe Research analyst Myles Walton lowered the price target on Raytheon Technologies Corp. (NYSE: RTX) to $110.00 (from $117.00) while maintaining a Outperform rating.... More
Morgan Stanley Downgrades Raytheon Technologies Corp. (RTX) to Equalweight, 'De-risking FCF Estimates'
July 26, 2023 2:04 AM EDT(Updated - July 26, 2023 4:26 AM EDT)
Morgan Stanley analyst Kristine Liwag downgraded Raytheon Technologies Corp. (NYSE: RTX) from Overweight to Equalweight with a price target of $95.00 (from $110.00).
The analyst comments "After yesterday's earnings report, RTXs stock ended the day down 10.2%, while the S&P 500 was up ~0.3%. The... More
Popular stocks increasing volume: SNAP RTX RIVN GM DIS FCX VZ UPST DKNG NIO
July 25, 2023 10:34 AM EDTPopular stocks increasing volume: SNAP RTX RIVN GM DIS FCX VZ UPST DKNG NIO
... MoreRaytheon (RTX) drops after slashing free cash flow forecast for the year
July 25, 2023 7:23 AM EDTDespite Raytheon Technologies (NYSE: RTX) reporting better-than-expected Q2 results, shares fell 3.5% in pre-open Tuesday after the company slashed its full-year free cash flow forecast.
Q2 EPS came in at $1.29, $0.11 better than the analyst estimate of $1.18. Revenue for the quarter was $18.3B ahead of the consensus for... More
RTX shares tumble on Pratt & Whitney airliner engine problem
July 25, 2023 7:00 AM EDTBy Valerie Insinna, Mike Stone and Pratyush Thakur
(Reuters) -Pratt & Whitney on Tuesday hit fresh turbulence over a problem-plagued engine model, prompting a 10% drop in shares of parent RTX as it said more than 1,000 engines must removed from Airbus planes and checked for microscopic cracks.
It was the latest setback to the U.S. engine maker's efforts to conquer the biggest market segment -- narrowbody jets -- and could exacerbate a capacity crunch as some airlines struggle with a plane shortage during the peak summer travel season.
RTX Corp said a "rare condition" in powdered metal meant... More
