Barclays Downgrades RTX to Equal-Weight, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst David Strauss has downgraded RTX (NYSE:RTX) from Overweight to Equal-Weight and lowered the price target from $100 to $75.
September 12, 2023 | 9:44 am
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Barclays has downgraded RTX and lowered its price target, which could negatively impact the stock's performance.
The downgrade from Barclays, a major financial institution, could lead to a decrease in investor confidence in RTX, potentially driving the stock price down. The lowered price target also suggests that Barclays sees less upside potential for the stock, which could further discourage investment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100