RBC Capital analyst Ken Herbert lowered the firm’s price target on RTX (RTX) to $140 from $150 and keeps an Outperform rating on the shares. The company reported a strong Q1 earnings beat, but this was overshadowed by the management’s outline of about $850M of potential tariff impacts, which became the focus for the report and weighed on near-term sentiment, the analyst tells investors in a research note.
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