Investing.com — Citi upgraded Rtx Corp (NYSE:RTX) to “Purchase” from “Impartial,” elevating its worth goal to $153 from $132, pushed by improved income, money circulation outlook, and progress on the GTF engine points.
Analysts highlighted rising unique tools or OE manufacturing charges, sturdy protection backlogs, and aftermarket progress pushed by increased plane deliveries and refurbishment demand. RTX’s free money circulation might attain $10 billion by 2027, normalizing after latest one-time prices.
Citi additionally upgraded Northrop Grumman Company (NYSE:NOC) to “Purchase” following a 15% inventory sell-off since November. The brokerage sees valuation compelling, with robust visibility from Northrop’s key position in modernizing U.S. nuclear deterrence and potential advantages from authorities effectivity efforts which will shift work to contractors.
Citi maintained its worth goal at $587, citing better-than-feared protection budgets below the brand new administration.
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