RTX price target lowered to $136 from $156 at Wells Fargo

Wells Fargo analyst Matthew Akers lowered the firm’s price target on RTX (RTX) to $136 from $156 and keeps an Overweight rating on the shares. Earnings may not matter as much as what happens with tariffs between now and then, the firm says. Wells would lean defensive, but large cap Defense remains tough until budget certainty arrives later this year.