Baird raised the firm’s price target on Raytheon Technologies to $115 from $106 and keeps an Outperform rating on the shares. The analyst said supply chain headwinds within its defense operations continue to overshadow its building backlog, while continued recovery and strong 1Q23 performance in commercial markets is bridging the timing gap on defense growth.
Published first on TheFly
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- Raytheon Technologies backs FY23 adjusted EPS view $4.90-$5.05, consensus $5.01
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- Raytheon Technologies Board of Directors Increases Quarterly Cash Dividend
- Raytheon Technologies raises quarterly dividend 7.3% to 59c per share
