Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

1 Wall Street Analyst Says RTX Stock Has 18% Upside

TheMotleyFool

0 0

1 Wall Street Analyst Says RTX Stock Has 18% Upside: https://g.foolcdn.com/editorial/images/774684/closeup-photo-of-an-airplane-jet-engine.jpg

RTX (NYSE: RTX) beat on both the top and bottom lines in its earnings report last week. But it also released guidance for the rest of 2024 which revealed less than many analysts hoped.

That news led Wells Fargo analyst Matthew Akers to trim his RTX price target by $1 (to $119 per share). The new target implies 16% upside over the next 12 months. On balance, the analyst remains optimistic about this defense contractor's chances and maintains his "overweight" rating on the stock.

Why?

Source Fool.com