One Wall Street Analyst Thinks RTX Stock Is Going to $120. Is It a Buy?

One Wall Street analyst's price target implies the stock is fairly valued. A Bernstein analyst recently raised the company's price target on RTX (RTX 0.36%) stock to $120 from $115 and maintained a "market perform" rating. The analyst notes that the aerospace and defense stock has had a strong run recently in line with the defense sector. Moreover, on the commercial aerospace side, management's affirmation that the geared turbofan (GTF) removals and inspections for possible defects are on track helps to de- ...