RTX price target raised to $100 from $91 at Wells Fargo

Wells Fargo raised the firm’s price target on RTX to $100 from $91 and keeps an Equal Weight rating on the shares. The firm notes RTX reset its long-term outlook, but the revised view still implies a big sequential step up in 2025. GTF commentary mostly looks positive with no changes to cost even as recall takes longer than anticipated, Wells adds.