Argus Downgrades RTX Corp. (RTX) to Hold, 'fully valued'
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Go back to Argus Downgrades RTX Corp. (RTX) to Hold, 'fully valued'
July 27, 2023 6:18 AM EDT
The worst is behind Boeing (NYSE: BA) says Bank of America analyst Ronald Epstein after upgrading the stocks rating to Buy from Neutral.
Shares in the aero and defense giant surged as much as 8.7% on Wednesday following the companys second-quarter results. Boeing reported revenue of $19.75 billion, easily ahead of the Street at $18.49B.
Even more positively, the company said it generated $2.58B in adjusted free cash flow while analysts... More
July 27, 2023 6:06 AM EDT
(Updated - July 27, 2023 6:09 AM EDT)
BofA Securities analyst Ronald Epstein downgraded Raytheon Technologies Corp. (NYSE: RTX) from Buy to Neutral with a price target of $95.00 (from $120.00).
The analyst comments "We are downgrading RTX to Neutral and lowering our PO to $95... More
