RTX price target raised to $110 from $95 at Citi

Citi raised the firm’s price target on RTX to $110 from $95 and keeps a Neutral rating on the shares. The company’s Q1 results were better than consensus expectations, but its full-year guidance remained unchanged, the analyst tells investors in a research note. The firm says there were no new material disclosures on the GTF engine as RTX continues to execute on its remediation plan and is beginning to reach agreements with effected customers. There may be some risk to the full-year outlook for the Collins segment given robust content on the 737 program, “so that’s a clear watch item,” according to Citi.