Goldman Sachs raised the firm’s price target on RTX to $104 from $94 but keeps a Neutral rating on the shares. The firm cites the company’s Q2 EBIT and free cash flow coming in above estimates, the analyst tells investors in a research note. Goldman Sachs adds however that while the RTX aerospace businesses have strong long-term aftermarket driven fundamentals, the Geared Turbofan, or GTF, still carries risks and the operating margin performance in each of the company’s segment is lower than its peers.
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