RTX price target lowered to $199 from $209 at UBS

UBS lowered the firm’s price target on RTX (RTX) to $199 from $209 and keeps a Neutral rating on the shares. RTX delivered a third consecutive quarter of EBIT beats across all segments, reflecting strong execution on key initiatives despite ongoing risks such as GTF Aircraft on Ground, the analyst tells investors in a research note. Aerospace demand has remained resilient so far despite geopolitical and fuel-related concerns, while defense continues to show solid momentum driven by missiles and munitions, alongside improving margins and productivity gains, UBS says.