Deutsche Bank Changes Tune On Raytheon Parent RTX, Sees Aerospace Edge Fuel Long-Term Growth Potential
Portfolio Pulse from Nabaparna Bhattacharya
Deutsche Bank upgraded RTX Corporation from Sell to Hold, raising its price target from $109 to $129, citing aerospace exposure as a key growth driver. The analyst forecasts higher-than-expected Q3 earnings and sees potential for further stock upside.
October 03, 2024 | 6:26 pm
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Deutsche Bank upgraded RTX from Sell to Hold, increasing the price target to $129. The analyst highlights RTX's aerospace exposure as a key driver for long-term growth, with Q3 earnings expected to exceed Street estimates.
The upgrade from Sell to Hold and the increased price target suggest a positive outlook for RTX. The analyst's focus on aerospace exposure and better-than-expected earnings forecasts indicate potential for stock appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100