RTX shares are trading lower after multiple analysts downgraded the stock. The company recently said it expects to incur a $3 billion to $3.5 billion impact to its pre-tax operating profit due to the impact to the Pratt & Whitney GTF fleet.
Portfolio Pulse from Bill Haddad
Shares of RTX are trading lower following multiple analysts' downgrades. The company anticipates a $3 billion to $3.5 billion hit to its pre-tax operating profit due to issues with the Pratt & Whitney GTF fleet.
September 12, 2023 | 2:02 pm
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NEGATIVE IMPACT
RTX's stock is trading lower due to multiple analysts' downgrades and the company's expectation of a significant hit to its pre-tax operating profit.
The downgrade by multiple analysts and the company's own forecast of a significant hit to its pre-tax operating profit due to issues with the Pratt & Whitney GTF fleet are likely to negatively impact the stock's performance in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100