Bernstein raises RTX PT as global defense demand surges
Bernstein raises aerospace and defense major RTX Corp RTX.N PT to $154 from $136, an upside of 5.2% to the stock's last close
Rating unchanged at "market-perform"
Says co set to benefit from major boosts in missile and air defense funding across all military branches as the 2026 U.S. defense budget nears $1 trillion
RTX is well-positioned to benefit from the $175 billion Golden Dome initiative, which boosts demand for its missile and radar systems-Bernstein
Adds that NATO's push to raise defense spending is driving strong demand for U.S. systems, with co set to benefit most from surging European interest in its missile and air defense products
Shares of the company at $146.88, up 0.33%, in choppy early trade
16 of 25 brokerages rate the stock "buy" or higher, 9 "hold"; their median PT is $148- data compiled by LSEG
Including session moves, shares are up 26.4% YTD
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