RTX price target raised to $130 from $120 at Morgan Stanley

Morgan Stanley analyst Kristine Liwag raised the firm’s price target on RTX (RTX) to $130 from $120 and keeps an Equal Weight rating on the shares. While acknowledging “performance is moving in the right direction for the Raytheon and Pratt & Whitney businesses,” the firm says Collins’ margin is impacted by narrowbody volume due to the Boeing (BA) strike and supply chain constraints, adding that it continues to view the risk reward as “balanced at current levels.”