RTX price target raised to $105 from $103 at UBS

UBS raised the firm’s price target on RTX to $105 from $103 and keeps a Neutral rating on the shares. RTX reiterated the operational and financial impact for the GTF-powered metal issue, which would ring-fence the financial impact to 2024-2025, the analyst tells investors in a research note. UBS believes the expectation of progress and de-risking has driven the stock performance year to date and views the update as constructive with RTX stating peak aircraft on ground is now.