RBC Capital Reiterates Sector Perform on RTX, Maintains $88 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Ken Herbert has reiterated a 'Sector Perform' rating on Raytheon Technologies (RTX) and maintained the price target of $88.
January 24, 2024 | 4:27 pm
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NEUTRAL IMPACT
RBC Capital's reiteration of a 'Sector Perform' rating and maintenance of the $88 price target for RTX may reinforce investor confidence in the current valuation of the stock.
The reiteration of the 'Sector Perform' rating suggests that RBC Capital believes RTX is fairly valued at its current price, and the maintained price target of $88 indicates no change in the analyst's valuation of the company. This is likely to have a neutral short-term impact on the stock as it does not suggest a significant change in the company's outlook or performance.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100