RBC Capital has decided to maintain its Outperform rating of Raytheon Technologies (NYSE:RTX) and lower its price target from $125.00 to $115.00.
Shares of Raytheon Technologies are trading up 0.05% over the last 24 hours, at $90.29 per share.
A move to $115.00 would account for a 27.37% increase from the current share price.
About Raytheon Technologies
Raytheon Technologies is a diversified aerospace and defense industrial company formed from the merger of United Technologies and Raytheon, with roughly equal exposure as a supplier to the commercial aerospace manufactures and to the defense market as a prime and subprime contractor. The company operates in four segments: Pratt & Whitney, an engine manufacturer; Collins Aerospace, a diversified aerospace supplier; intelligence, space and airborne systems, a mix between a sensors business and a government IT contractor; and integrated defense and missile systems, a defense prime contractor focusing on missiles and missile defense hardware.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.