China chip stocks rally on self-reliance bets, Nvidia scrutiny
Raytheon Technologies Corporation (NYSE:RTX) stock has reached an unprecedented peak, marking an all-time high at $131.29. This significant milestone underscores the company’s robust performance and investor confidence, supported by a strong market capitalization of $173 billion. InvestingPro analysis indicates the stock is trading near its Fair Value, with analysts setting price targets ranging from $113 to $157. Over the past year, the stock has witnessed a remarkable ascent, with the total return reaching 41.56%. This impressive growth trajectory highlights RTX’s strong market position as a prominent player in the aerospace and defense industry. The company maintains a solid financial foundation with moderate debt levels and has consistently paid dividends for 54 consecutive years. Investors are closely monitoring the stock as it navigates through economic challenges and capitalizes on strategic opportunities. For deeper insights into RTX’s performance metrics and growth potential, access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 top US stocks.
In other recent news, Boeing Co (NYSE:BA). is considering selling its Jeppesen navigation unit, drawing interest from major aviation suppliers and private equity firms. Among the interested parties are RTX Corp. and Honeywell International Inc (NASDAQ:HON). The sale is part of Boeing’s strategy to streamline operations and focus on core businesses. Despite expecting losses in Q4 due to strikes and program charges, Boeing anticipates the first delivery of the 777-9 aircraft in 2026 and has resumed production of several of its aircraft models. Barclays (LON:BARC) upgraded Boeing stock from Equalweight to Overweight, expecting positive momentum in production and deliveries throughout 2025.
Simultaneously, RTX Corp. has been maintaining a steady performance, with analysts at Bernstein maintaining a Market Perform rating and focusing on the company’s 2025 guidance. RTX Corp. reported robust third-quarter performance with an 8% increase in organic revenue and adjusted earnings per share of $1.45. Citi analyst Jason Gursky upgraded RTX Corp’s stock rating from Neutral to Buy, reflecting confidence in the company’s revenue and cash flow growth, projecting about $10 billion in free cash flow by 2027.
Moreover, RTX Corp has secured multiple defense contracts, including a $529 million contract to supply the Netherlands with a Patriot air and missile defense system fire unit. However, Wizz Air, a client of Pratt & Whitney, a division of RTX Corp, has expressed concerns over ongoing issues with Pratt & Whitney engines, which are expected to persist for four to five years. These are the recent developments at Boeing Co. and RTX Corp.
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