UBS Maintains Neutral on RTX, Raises Price Target to $96
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Gavin Parsons has maintained a Neutral rating on Raytheon Technologies Corporation (RTX) and increased the price target from $93 to $96.

January 24, 2024 | 3:21 pm
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UBS analyst Gavin Parsons maintained a Neutral rating on RTX but raised the price target from $93 to $96, indicating a potential upside from the current trading price.
The increase in price target by UBS suggests a positive outlook on the stock's value, which could lead to a short-term increase in investor confidence and potentially a rise in the stock price. However, the Neutral rating indicates that the analyst does not see significant momentum or changes in fundamentals that would justify a more bullish stance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100