Raytheon Technologies (RTX) Stock Could Hit $120: Analyst – Pulse 2.0
Recently, Cowen analysts assigned Raytheon Technologies (RTX) a price target of $120 along with a “Outperform” rating.
Cowen analysts noted that Raytheon Technologies is a “Best Idea for 2023” as they believe investors do not fully appreciate the likely aftermarket recovery next year or defense lift in 2024 to 2025.
Plus the Cowen analysts noted that the company has the highest estimated adjusted EPS growth of the A&D big caps.
Overview
Price target: $120
Rating: Outperform
Analyst firm: Cowen