Barclays Maintains Equal-Weight on RTX, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst David Strauss has maintained an Equal-Weight rating on Raytheon Technologies Corporation (RTX) and increased the price target from $75 to $90.
January 30, 2024 | 10:43 am
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POSITIVE IMPACT
Barclays has maintained an Equal-Weight rating on RTX and raised the price target from $75 to $90, indicating a positive outlook on the stock.
The increase in price target by Barclays reflects a positive reassessment of RTX's future performance. While the Equal-Weight rating suggests that RTX is adequately valued at its current price, the raised target implies that Barclays sees more upside potential than before. This could lead to increased investor confidence and a potential short-term rise in RTX's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100