RTX Stock: Forecast, Challenges, and Upside Potential

Friday, 15 March 2024, 14:22
A Wall Street analyst predicts a 30% increase in RTX's stock price due to defense profit margin improvements and Pratt & Whitney addressing engine issues. The article highlights the challenges faced by RTX in 2023, including cash flow impact and supply chain pressures. Investors are advised to await further updates on earnings and cash flow before considering investing in RTX.
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RTX Stock: Forecast, Challenges, and Upside Potential

RTX's two challenges in 2023

RTX's Pratt & Whitney business discovered a contamination issue in engine parts, while facing margin pressures from raw material prices.

Analyst's view on RTX stock

  • Positive outlook: The Wells Fargo analyst sees potential upside as RTX addresses challenges.
  • Caution advised: Investors are warned about the company's 2025 guidance and should await improvements.
  • Stock Advisor recommendations: RTX is not among the top picks identified by analysts for potential high returns.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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