UBS upgrades RTX to Buy on aftermarket strength

UBS upgraded RTX (RTX) to Buy from Neutral with a price target of $147, up from $142. The firm believes RTX is well positioned at the “intersection of strength” in commercial original equipment and aftermarket, and it believes the company’s defense unit has international growth drivers. UBS sees upside potential to consensus earnings estimates in 2026 2027. RTX currently trades at a 5% discount to peers and offers re-rate potential, the analyst tells investors in a research note. UBS’s international defense analysis indicates significant upside potential in the shares.