RTX price target raised to $110 from $100 at BofA

BofA raised the firm’s price target on RTX to $110 from $100 and keeps a Neutral rating on the shares. The firm cites better than expected execution in servicing contaminated powder-metal discs in GTF engines, upside in defense, and a strong aftermarket environment for its raised target, adding that despite the positives it sees at the company and in the sector, it continues to be concerned about execution, meeting operational targets, and “attracting investors interest after lapses in both commercial and defense.”