RBC Capital analyst Ken Herbert raised the firm’s price target on Raytheon Technologies to $110 from $107 and keeps an Outperform rating on the shares after its Q4 earnings beat. The analyst was "not surprised" by the relief rally in the stock on the announcement and remains positive on Raytheon for its aerospace business growth and the anticipated acceleration in its defense sales.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on RTX:
- Raytheon Technologies price target raised to $107 from $96 at Wells Fargo
- Mixed Bag of Q4 Results for Defense Stocks LMT and RTX
- Raytheon Technologies sees FY23 adjusted EPS $4.90-$5.05, consensus $5.02
- Raytheon Technologies Reports 2022 Results, Announces 2023 Outlook and Plan to Realign into Three Business Segments
- Raytheon Technologies reports Q4 adjusted EPS $1.27, consensus $1.24
