<div id="readability-page-1"><p>01:55 PM EST, 01/28/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:</p><p>We increase our 12-month target price by $20 to $216, based on our assumed P/E multiple of 26.5x applied to our 2027 EPS estimate, a premium to RTX's three-year average forward P/E of 20.5x and a smaller premium to the peer average forward P/E of 25.9x. Our EPS estimates are unchanged at $7.15 in 2026 and $8.15 in 2027. The company's record $268B backlog and strong defense positioning are positives, particularly with NATO allies increasing defense spending to 3.5% of GDP by 2035. However, near-term headwinds persist, as GTF fleet management costs continue ($700M expected in 2026), administration pressure on capital allocation creates uncertainty around buybacks, and Pratt margins remain pressured by OE mix despite aftermarket strength. While the long-term outlook is constructive given commercial recovery and defense demand, we see limited upside at current valuation. We prefer to remain on the sidelines until there is greater clarity on capital deployment and GTF normalization accelerates.</p> <p>MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</p></div>

ARKX

RTXG

<p>CFRA maintains a Hold opinion on RTX Corporation, raising the 12-month target price to $216 based on a P/E multiple of 26.5x. EPS estimates remain at $7.15 for 2026 and $8.15 for 2027. The company has a strong $268B backlog and benefits from increased defense spending, but faces near-term challenges including high fleet management costs and capital allocation uncertainties. The long-term outlook is positive, but CFRA advises caution until clarity on capital deployment improves.</p>

Research Alert: CFRA Maintains Hold Opinion On Rtx Corporation