Jefferies Reiterates Hold Rating on RTX Corp. (RTX)

RTX (RTX): U.S. Army awards RTX's Raytheon TOW contracts for $676 million

October 23, 2024 9:00 AM EDT

Raytheon, an RTX (NYSE: RTX) business, was awarded $676 million to continue manufacturing the tube-launched, optically-tracked, wireless-guided TOW® weapon system for the U.S. Army. The two separate awards comprise an annual production contract for $430 million in fiscal year 2023 and an additional $246 million... More

TD Cowen Reiterates Buy Rating on RTX Corp. (RTX)

October 23, 2024 7:56 AM EDT

TD Cowen analyst Gautam Khanna reiterated a Buy rating and $142.00 price target on RTX Corp. (NYSE: RTX).

The analyst commented, "Blowout Q3 defense orders (2.6x book/bill; 1.48x LTM) boosted foreign work to 44% of RTN's backlog vs ~24% of sales, an eventual mix plus that... More

RTX Corp. (RTX) PT Raised to $150 at Susquehanna

October 23, 2024 7:02 AM EDT

Susquehanna analyst Christopher Rolland raised the price target on RTX Corp. (NYSE: RTX) to $150.00 (from $140.00) while maintaining a Positive rating.

The analyst comments "We have updated our RTX model following better than expected 3Q24 earnings results. We maintain our Positive rating and raise... More

RTX Corp. (RTX) PT Raised to $130 at RBC Capital

October 23, 2024 6:56 AM EDT

RBC Capital analyst Ken Herbert raised the price target on RTX Corp. (NYSE: RTX) to $130.00 (from $115.00) while maintaining a Sector Perform rating.

The analyst comments "RTX reported 3Q24 adj. EPS of $1.45 compared to consensus of $1.34. Organic revenue growth was 8% in the quarter,... More

RTX Corp. (RTX) PT Raised to $133 at UBS

October 23, 2024 6:34 AM EDT

UBS analyst Gavin Parsons raised the price target on RTX Corp. (NYSE: RTX) to $133.00 (from $126.00) while maintaining a Neutral rating.

The analyst comments "RTX beat revenue led by strong military growth, and raised profit guidance at both Pratt and Raytheon. We... More

Goldman Sachs Reiterates Neutral Rating on RTX Corp. (RTX)

October 23, 2024 6:12 AM EDT

Goldman Sachs analyst Noah Poponak reiterated a Neutral rating and $113.00 price target on RTX Corp. (NYSE: RTX).

The analyst comments "RTX reported 3Q24 revenue, EPS, and FCF ahead of consensus, but a miss on the Collins margin drove segment EBIT below expectations.... More

RTX Corp. (RTX) PT Raised to $145 at BofA Securities

October 23, 2024 6:08 AM EDT

BofA Securities analyst Ronald Epstein raised the price target on RTX Corp. (NYSE: RTX) to $145.00 (from $140.00) while maintaining a Buy rating.

The analyst comments "RTX captured the sentiments of the initial pitch for merging hUTC and hRTN. This was a quarter where Defense... More

RTX boosts 2024 forecast again on demand for aircraft repairs, defense systems

October 22, 2024 6:56 AM EDT

By Pratyush Thakur and Mike Stone

(Reuters) -RTX on Tuesday raised its 2024 adjusted profit and sales forecasts for the second time, citing strong demand for aircraft repairs and defense systems, and reported better-than-expected quarterly earnings.

Shares of the Arlington, Virginia-based company were up 2.1% before the opening bell.

The aerospace and defense giant expects full-year adjusted profit per share to be between $5.50 and $5.58, compared with its prior forecast range of $5.35 to $5.45.

The company raised its revenue forecast range to $79.25 billion to $79.75 billion, from $78.75 to $79.5 billion.

With a surge in air travel demand, airlines had... More

Raytheon Technologies (RTX) Tops Q3 EPS by 11c, Updates Guidance

October 22, 2024 6:57 AM EDT

Raytheon Technologies (NYSE: RTX) reported Q3 EPS of $1.45, $0.11 better than the analyst estimate of $1.34. Revenue for the quarter came in at $20.1 billion versus the consensus estimate of $19.84 billion.

GUIDANCE:

Raytheon Technologies sees FY2024 EPS of $5.50-$5.58, versus the consensus of $5.47.... More