Morgan Stanley Downgrades RTX Price Target Following Strong Earnings
Morgan Stanley reduced its price target for RTX Corp (RTX) to $220 from $235 following the company's strong Q1 2026 earnings, despite a 4.4% drop in shares. The firm views the selloff as an overreaction to concerns about 2027 commercial demand and sees it as a buying opportunity. RTX raised guidance and reported strong sales and earnings, but investors are worried about future demand.
Topics: Earnings Market Reaction Morgan Stanley Price Target RTX