1 Wall Street Analyst Thinks RTX Stock Is Going to $96. Is It a Sell?
Raytheon Technologies(RTX) The Motley Fool·2024-04-23 21:06
There's uncertainty around the company's earnings potential from two key sources.RBC Capital recently raised its price target on aerospace and defense giant RTX (RTX -0.18%) to $96 from $88 while maintaining a "sector perform" rating on the stock. With the stock trading around $101, the updated price target suggests a 5.3% price drop over the next 12 months. I would also argue that a "sector perform" rating is, de facto, a sell rating. You can buy the sector through an ETF, so there's no need to take on sto ...