Bernstein analyst Douglas Harned raised the firm’s price target on RTX (RTX) to $181 from $157 and keeps a Market Perform rating on the shares. Examining RTX’s principal defense business segment, Raytheon, by looking at the major subsegments, the firm says it sees Raytheon as a lead beneficiary of U.S. and international budget priorities. With missiles and missile defense at the top of spending objectives for the DoD and NATO, RTX is particularly well-positioned. Bernstein’s estimates move slightly above consensus for Raytheon.
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