UBS Downgrades RTX to Neutral, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Gavin Parsons has downgraded Raytheon Technologies Corporation (RTX) from Buy to Neutral and lowered the price target from $110 to $80.
October 11, 2023 | 9:25 am
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UBS has downgraded RTX from Buy to Neutral and lowered the price target from $110 to $80, which could negatively impact the stock's short-term performance.
Analyst ratings and price targets can significantly influence a stock's performance. The downgrade from Buy to Neutral suggests that UBS sees less upside potential in RTX, which could discourage investors and put downward pressure on the stock. The lowered price target from $110 to $80 further indicates a reduced growth expectation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100