UBS downgraded RTX (RTX) to Neutral from Buy with a price target of $199, down from $202. The company’s fundamentals are strong, but the shares are trading close to fair value, the analyst tells investors in a research note. UBS sees a balanced risk/reward with RTX trading near the price target
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RTX:
- Trump Trade: 350 drugs to see price raises despite President’s pressure
- General Dynamics, Northrop Grumman and others awarded on $25.36B DMEA contract
- China Opens IPO Fast Track for Rocket Firms to Challenge SpaceX
- RTX’s Raytheon wins $1.7B contract to deliver four Patriot fire units to Spain
- RTX awarded $841.68M Army contract
