Bank of America Securities analyst Ronald Epstein reiterated a Buy rating on RTX today and set a price target of $215.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Ronald Epstein has given his Buy rating due to a combination of factors that highlight RTX’s strong performance and growth potential. The merger of UTX and RTN has positioned RTX to capitalize on synergies across its divisions, including Collins Aerospace, Pratt & Whitney, and Raytheon. Despite some challenges, these divisions are experiencing momentum that is translating into tangible growth, such as increased deliveries and a significant backlog at Raytheon.
Furthermore, the company is seeing improvements in its aftermarket services, with Pratt & Whitney enhancing throughput on GTF overhauls and capturing aftermarket demand. Collins Aerospace is benefiting from increased widebody shop visits and defense opportunities. Additionally, international orders are on the rise, contributing to margin growth. These factors, combined with expected record GTF deliveries and increased production rates for Boeing and Airbus, support the Buy rating and the increased price objective of $215.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $201.00 price target.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RTX in relation to earlier this year.