Morgan Stanley Downgrades RTX to Equal-Weight, Lowers Price Target to $95
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Kristine Liwag has downgraded RTX (NYSE:RTX) from Overweight to Equal-Weight and lowered the price target from $110 to $95.
July 26, 2023 | 9:53 am
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Morgan Stanley has downgraded RTX and lowered its price target, which could negatively impact the stock's price.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. The downgrade from Overweight to Equal-Weight suggests that Morgan Stanley sees less upside potential in RTX. The lowering of the price target from $110 to $95 could also lead to a negative market reaction, potentially driving the stock price down in the short term.
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