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Benzinga
Benzinga
Business
Akanksha Bakshi

Analysts Update Raytheon Price Target Post Q4 Results

RTX Morgan Stanley NYSE Wells Fargo
  • Analysts adjusted their price target on Raytheon Technologies Corp (NYSE:RTX), following its mixed Q4 results.
  • Baird analyst Peter Arment raised the price target to $106 from $100 and maintained an Outperform rating on the shares.
  • The analyst said it posted a solid print and outlook with the recovery towards healthy cash generation, aided by the recovery in air travel and stability within the defense.
  • Morgan Stanley raised the price target to $118 (an upside of 32.7%) from $110 and maintained an Overweight rating on the shares.
  • Wells Fargo analyst Matthew Akers lowered the price target to $96 (an upside of 8%) from $97 and maintained an Equal-Weight rating on the shares.
  • Price Action: RTX shares are trading lower by 1.54% at $88.92 on the last check Wednesday.
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