Apr. 3 at 6:15 PM
RTX Upgraded as U.S. Rearmament Boosts Defense Stocks
Melius analyst Scott Mikus upgraded RTX to Buy, raising the price target to
$242, citing strong tailwinds from increased U.S. missile and defense equipment needs amid Operation Epic Fury. He also raised targets for Lockheed Martin , General Dynamics , and Northrop Grumman , reflecting higher demand for military systems and components.
RTX manufactures missiles, interceptors, radars, and other military hardware, and its stock has risen 47% over the past 12 months. Rising defense spending is expected to offset potential weakness in RTX’s commercial aerospace segment, while margin tailwinds are anticipated as contractors move past stale-priced contracts to more profitable production programs. Boeing also benefits as a key missile supplier.
Overall, 56% of analysts covering RTX rate it Buy, with an average price target of
$220.
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