B of A Securities Downgrades RTX to Neutral, Lowers Price Target to $95
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst Ronald Epstein has downgraded RTX (NYSE:RTX) from Buy to Neutral and lowered the price target from $120 to $95.
July 27, 2023 | 10:42 am
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NEGATIVE IMPACT
RTX has been downgraded from Buy to Neutral by B of A Securities, with a lowered price target of $95.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for RTX. The lowered price target from $120 to $95 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100