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Citi Issues a Buy Rating on RTX (RTX)

Tipranks - Tipranks - Thu Jul 2, 6:14AM CDT

In a report released today, John Godyn from Citi assigned a Buy rating to RTX, with a price target of $226.00.

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Godyn covers the Industrials sector, focusing on stocks such as Ducommun, Alaska Air, and Boeing. According to TipRanks, Godyn has an average return of 6.0% and a 57.25% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for RTX with a $220.75 average price target.

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Based on RTX’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $22.08 billion and a net profit of $2.06 billion. In comparison, last year the company earned a revenue of $20.31 billion and had a net profit of $1.54 billion

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