RTX's rating slashed by Barclays, RBC after firm warns of engine snag

Go back to RTX's rating slashed by Barclays, RBC after firm warns of engine snag

BofA sees several near-term risks for RTX (RTX)

September 14, 2023 10:23 AM EDT

RTX (NYSE: RTX) was cut to Underperform from Neutral with a new price target of $75, down from $95 per share at BofA on Thursday.

In a note to clients, analyst Ronald Epstein revealed they are cutting the stock due to increased geared turbofan... More