JP Morgan cuts PT on RTX after expected tariff impact on profit
ReutersApr 28, 2025 10:04 AM
JP Morgan cut PT on aerospace and defense major RTX Corp RTX.N, forecasting a potential tariff headwind could chip away $850 mln from its 2025 profit
The new price target shows 15.8% upside to the stock's last close
Says tariff impact could be larger in 2026, given that tariffs are in effect for only nine months in 2025
Brokerage rated the shares 'overweight'
16 of 26 brokerages rate the stock "buy" or higher, 10 "hold"; their median PT is $136
As of last close, stock had risen 8.2% YTD ... compared with a 2.1% YTD decline in the S&P 500 Industrials (Sector) index .SPLRCI
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