RTX

RTX (NYSE:RTX) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 8.29% Baird $88 → $94 Downgrades Outperform → Neutral 11/15/2023 — Redburn Atlantic Downgrades Buy → Neutral 10/25/2023 -0.92% Morgan Stanley $83 → $86 Maintains Equal-Weight 10/11/2023 -7.83% UBS $110 → $80 Downgrades Buy → Neutral 09/29/2023 -6.68% Alembic Global → $81 Initiates Coverage On → Neutral 09/25/2023 -5.53% RBC Capital → $82 Reiterates Sector Perform → Sector Perform 09/25/2023 -4.38% Morgan Stanley $95 → $83 Maintains Equal-Weight 09/18/2023 -10.14% Wells Fargo $100 → $78 Maintains Equal-Weight 09/14/2023 -8.99% DZ Bank → $79 Downgrades Buy → Hold 09/14/2023 -13.59% B of A Securities $95 → $75 Downgrades Neutral → Underperform 09/13/2023 0.23% JP Morgan $100 → $87 Maintains Overweight 09/12/2023 14.06% TD Cowen $109 → $99 Maintains Outperform 09/12/2023 -5.53% RBC Capital $105 → $82 Downgrades Outperform → Sector Perform 09/12/2023 […]

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We trim our 12-month target to $90 from $94, valuing shares at 15.0x our 2024 EPS estimate (lifted to $5.97 from $5.85; 2023 EPS adjusted to $5.01 from $5.05), a discount to RTX’s five-year forward P/E average of 18.8x. RTX posted adjusted Q3 EPS of $1.25 vs. $1.21 (+3% Y/Y), beating consensus by $0.03. Q3 organic revenues rose 12% Y/Y, driven by RTX’s commercial aviation business as air travel demand remains strong. Commercial aftermarket and originial equipment manufacturer (OEM) sales were both up by double digits (+25% and +26%, respectively). RTX took a sales charge of $5.4 billion in Q3, resulting in an expected $2.9 billion operating profit impact for the Pratt & Whittney powder metal recalls. RTX’s board approved a $10 billion accelerated share repurchase program

RTX Now Sees 2023 Adjusted Sales About $74B; Had Seen $73B-$74B.

RTX Raises 2023 Free Cash Flow View to $4.8B From $4.3B.

RTX Raises Capital Return Commitment Through 2025 to $36B-$37B.

RTX (NYSE:RTX) Executive Expects Reported Sales To Be Lower By About $5.5B In 2023

RTX (NYSE:RTX) Still Sees Buying Back $3 Billion of Shares in 2023.