RTX price target raised to $115 from $102 at RBC Capital

RBC Capital raised the firm’s price target on RTX to $115 from $102 and keeps a Sector Perform rating on the shares. The company’s Q2 earnings topped estimates while its organic sales grew 10%, led by 19% growth in the commercial OE, and RTX also has not changed its financial assumptions on the GTF powder metal issue, which is incrementally positive, the analyst tells investors in a research note.