Reported 2 days ago
Morgan Stanley has raised its price target for RTX Corporation (NYSE:RTX) from $135 to $165, while maintaining an Overweight rating on the stock. The firm highlights the resilience of the aerospace sector, which is currently experiencing record multiples and beneficial dynamics, such as improvements in the supply chain and sustained air traffic demand. RTX operates in aerospace and defense, serving various customers including military and government.
Source: YAHOO