RTX beats estimates on aviation strength, defense demand
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Bank of America upgrades RTX Corp (RTX) to reflect better service execution
January 25, 2024 10:31 AM ESTBank of America upgraded RTX Corp. (NYSE: RTX) to a Neutral rating (From Underperform) and raised their 12-month price target on the defense company to $100.00 (From $78.00) to reflect a better than expected execution in servicing contaminated powder-metal discs in Geared Turbo Fan (GTF) aircraft engines.
While Raytheon defense will likely continue to be pressured,... More
RTX Corp. (RTX) climbs 4% on strong results and guidance
January 23, 2024 7:10 AM ESTShares of RTX Corp. (NYSE: RTX) rose 4% in the market pre-open Tuesday after the company reported better-than-expected Q4 earnings per share (EPS) and strong 2024 guidance.
The aerospace and defense giant posted fourth-quarter EPS of $1.29, beating the consensus estimates of $1.25.
The company generated... More
