TD Cowen Reiterates Buy Rating on RTX Corp. (RTX)

TD Cowen analyst Gautam Khanna reiterated a Buy rating and $142.00 price target on RTX Corp. (NYSE: RTX).

The analyst commented, "Blowout Q3 defense orders (2.6x book/bill; 1.48x LTM) boosted foreign work to 44% of RTN's backlog vs ~24% of sales, an eventual mix plus that augments underlying productivity gains. GTF fleet plan tail risk is reduced by in-line data points and customer comp agreements for 75% of the fleet. The stock should continue to grind higher."

For an analyst ratings summary and ratings history on RTX Corp. click here. For more ratings news on RTX Corp. click here.

Shares of RTX Corp. closed at $125.53 yesterday.

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