Raytheon Technologies (RTX) Tops Q2 EPS by 11c, Updates Guidance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/19/2026
- US stock futures steady after tech slump; investors focus on Middle East tensions
- U.S. Treasury doubles buyback operation size for long-dated bonds
- Marvell shares jump after giving Google warrants amid custom chip deal
- U.S. debt tops $40 trillion
- Nvidia credit risk gauge hits new peak as SoftBank readies record bond issue
- Marvell issues Google warrant tied to custom chip deal
- Tech selloff weighs down Wall Street as bond yields climb
- FOMC minutes from July 28-29th meeting
- Lowe's Cos. (LOW) Tops Q2 EPS by 17c, Misses on Revenue; Offers Fy27 Guidance
- US stock futures steady after tech slump; investors focus on Middle East tensions
Morgan Stanley cuts Raytheon (RTX) to equal-weight as GTF engine defect weighs
July 26, 2023 9:37 AM EDTMorgan Stanley downgraded Raytheon Technologies (NYSE: RTX) to an equal-weight rating (From Overweight) and cut their 12-month price target on the stock to $95.00 (from: $110.00) after the aerospace and defense company reported an unexpected manufacturing defect during their 2Q earnings report.
RTX saw a drop of 10.2% in their share price on Tuesday, following the disclosure of a manufacturing flaw associated with the Pratt & Whitney high pressure turbine (HPT) discs used in the Airbus A320neo Geared Turbofan (GTF) engine. The defect traces back to contaminated powdered metals produced from 2015 to 2021, impacting the... More
