RTX price target lowered to $220 from $235 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on RTX (RTX) to $220 from $235 and keeps an Overweight rating on the shares. A pullback in shares reflects investor concerns around 2027 downside risk, particularly to commercial aftermarket demand amid elevated oil prices, says the analyst, who lowers the firm’s target to mark to market valuation. However, the firm continues to see “a compelling valuation argument” for RTX given its strong underlying fundamentals and its steep discount to GE Aerospace (GE), adds the analyst, who maintains RTX as the firm’s Top Pick in Aerospace.