RBC Capital has revised its price target for RTX (RTX, Financial), adjusting it to $140 from the previous $150, while maintaining an Outperform rating on the stock. This adjustment comes in the wake of RTX posting an impressive earnings performance for the first quarter. However, the positive results were overshadowed by the company's announcement regarding potential tariff impacts totaling approximately $850 million.
The revelation of significant tariff implications has become the focal point for investors, generating apprehension that has affected immediate market sentiment. This update in the company's outlook is critical for stakeholders as it may influence investment decisions moving forward.
