BofA Securities Upgrades RTX Corp. (RTX) to Neutral, 'Taming the metal powdered beast'

RTX (RTX) 'event risk remains high as long as the stock remains low' - Gimme Credit

January 26, 2024 1:26 PM EST

Corporate bond research firm Gimme Credit reiterated an Underperform rating on RTX's (NYSE: RTX) 2034 notes at T+02 in a note this week following the company's latest quarterly earnings report.

Gimme Credit analyst Carol Levenson acknowledged that RTX reported mostly good fourth-quarter and... More

Bank of America upgrades RTX Corp (RTX) to reflect better service execution

January 25, 2024 10:31 AM EST

Bank of America upgraded RTX Corp. (NYSE: RTX) to a Neutral rating (From Underperform) and raised their 12-month price target on the defense company to $100.00 (From $78.00) to reflect a better than expected execution in servicing contaminated powder-metal discs in Geared Turbo Fan (GTF) aircraft engines.

While Raytheon defense will likely continue to be pressured,... More

RTX Corp. (RTX) PT Raised to $100 at Wells Fargo

January 25, 2024 5:54 AM EST

Wells Fargo analyst Matthew Akers raised the price target on RTX Corp. (NYSE: RTX) to $100.00 (from $91.00) while maintaining a Equal Weight rating.... More

RTX Corp. (RTX) PT Raised to $70 at DZ Bank

January 25, 2024 4:48 AM EST

DZ Bank analyst Robert Czerwensky raised the price target on RTX Corp. (NYSE: RTX) to $70.00 (from $68.00) while maintaining a Sell rating.... More

RTX's (RTX) Raytheon business awarded $154 million to deliver Commander's Independent Viewer units to the U.S. Army

January 24, 2024 9:00 AM EST

Raytheon, an RTX (NYSE: RTX) business, announced a $154 million award to deliver Commander's Independent Viewer (CIV) systems to the U.S. Army to upgrade the service's... More

RTX Corp. (RTX) PT Raised to $99 at JPMorgan

January 24, 2024 7:41 AM EST

JPMorgan analyst Seth Selfman raised the price target on RTX Corp. (NYSE: RTX) to $99.00 (from $89.00) while maintaining a Overweight rating.... More

RTX Corp. (RTX) PT Raised to $96 at UBS

January 24, 2024 7:36 AM EST

UBS analyst Gavin Parsons raised the price target on RTX Corp. (NYSE: RTX) to $96.00 (from $93.00) while maintaining a Neutral rating.... More

RTX Corp. (RTX) PT Raised to $102 at Wolfe Research

January 24, 2024 4:44 AM EST

Wolfe Research analyst Myles Walton raised the price target on RTX Corp. (NYSE: RTX) to $102.00 (from $101.00) while maintaining a Outperform rating.... More

RTX Corp. (RTX) PT Raised to $95 at Citi

January 24, 2024 4:33 AM EST

Citi analyst Jason Gursky raised the price target on RTX Corp. (NYSE: RTX) to $95.00 (from $87.00) while maintaining a Neutral rating.... More

Midday movers: Alibaba surges, 3M sinks, and more

January 23, 2024 8:03 AM EST

(Updated - January 23, 2024 11:49 AM EST)

Investing.com -- Main U.S. indexes edged lower Tuesday, consolidating after recent gains as the earnings season kicks into full gear.

Here are some of the biggest U.S. stock movers today:

United Airlines (NASDAQ: UAL) stock rose 6.6% after the carrier reported strong fourth-quarter results, thanks in part to its "busiest" travel period ever in the last two weeks of December, but it said it expects a wider-than-expected loss in its current quarter.

Verizon (NYSE: VZ)... More

RTX Corp. (RTX) climbs 4% on strong results and guidance

January 23, 2024 7:10 AM EST

Shares of RTX Corp. (NYSE: RTX) rose 4% in the market pre-open Tuesday after the company reported better-than-expected Q4 earnings per share (EPS) and strong 2024 guidance.

The aerospace and defense giant posted fourth-quarter EPS of $1.29, beating the consensus estimates of $1.25.

The company generated... More

RTX beats estimates on aviation strength, defense demand

January 23, 2024 6:57 AM EST

By Pratyush Thakur and Mike Stone

(Reuters) -A recovery in commercial air traffic and increased global defense spending helped RTX report better-than-expected fourth-quarter earnings on Tuesday, boosting margins in its aftermarket service and defense business lines.

RTX shares were up 6.5% in early trading in New York.

The defense and aerospace major also forecast 2024 profit in the range of $5.25 to $5.40 per adjusted share, while analysts estimate $5.28 per share, according to LSEG data.

RTX capitalized on a strong aftermarket business as airlines extend the use of their planes to meet strengthened travel demand and amid a shortage of new... More