- Morgan Stanley upgrades Raytheon Technologies (RTX, Financial) to Overweight due to potential recovery.
- Analysts predict a 11.90% upside for RTX, with an average target price of $134.40.
- GuruFocus GF Value suggests RTX stock is undervalued, projecting an 11.78% gain.
Morgan Stanley's Strategic Upgrade on Raytheon Technologies
Raytheon Technologies Corp. (RTX) has caught the attention of Morgan Stanley analysts, resulting in an upgrade from Equal-weight to Overweight. This noteworthy change in stance underscores a compelling buying opportunity following the stock's recent 10% drop, largely driven by tariff concerns. Morgan Stanley believes this decline is an overreaction, as Raytheon maintains robust performance in the defense sector, accounting for 54% of its revenue.
Wall Street Analysts Forecast and Expectations
Current projections by 21 Wall Street analysts place the average one-year target price for Raytheon Technologies Corp (RTX, Financial) at $134.40. The estimates range from a high of $160.00 to a low of $87.00, suggesting a potential upside of 11.90% from the current stock price of $120.10. For more in-depth analysis, you can visit the RTX Corp (RTX) Forecast page.
Brokerage Recommendations and GF Value Assessment
The consensus recommendation from 26 brokerage firms positions Raytheon Technologies Corp (RTX, Financial) with an "Outperform" rating, reflecting an average score of 2.3 on a scale where 1 signifies a Strong Buy and 5 indicates a Sell.
Moreover, according to GuruFocus estimates, the GF Value for Raytheon Technologies Corp (RTX, Financial) is projected to be $134.25 in one year. This valuation implies an 11.78% upside from its current trading price of $120.10. GF Value represents GuruFocus' proprietary estimation of a stock's fair value, calculated using historical multiples, past business growth, and projected future performance. For further detailed insight, visit the RTX Corp (RTX) Summary page.
