The Week

RTX fell 1.86% this week to close at $194, underperforming the S&P 500 by roughly 1.78 percentage points. Trading was choppy: the stock opened Monday (14 Sep) at $196.4, dipped to $194.01 before settling at $195.34; it swung between $193.05 and $197.205 on Tuesday, hit its weekly high of $197.67 on Wednesday, pulled back to $191.84 on Thursday, and finished Friday (18 Sep) at $194 after touching a low of $191.175. The weekly range was 3.31%, and average daily volume of about 5.04m shares ran roughly 27.5% above the 60-day median.

Key Events

The biggest company-specific development was a leadership change: RTX named Jill Albertelli as President of Pratt & Whitney. Earlier in the week, the CEO said defence and aerospace demand should support cash-flow growth, and management highlighted a $289bn backlog as a driver of expansion. On the industry side, airlines urged more competition in the used jet engine parts market, pointing to possible shifts in the aftermarket. Toward the weekend, the FAA said tariffs would have a $100m impact on its air traffic control modernisation plan, and reports emerged that an Airbus joint venture grounded planes over toxic fumes complaints. After tariff-driven radar costs hit the headlines, RTX shed about 1%.

Analyst Ratings

Coverage totals 23 firms: 11 rate it buy, 4 overweight, 8 hold, and none underweight or sell, a clearly supportive mix. The consensus rating is buy, with a consensus target of $234.82, implying about 21.04% upside versus the latest close of $194. Target prices range from $200 to $265, suggesting a reasonably contained spread. Within the aerospace and defence industry, RTX ranks 5th out of 85 names by analyst rating.

The Week Ahead

On the macro calendar, the Richmond Fed composite index lands Tuesday (22 Sep), followed by EIA weekly crude and Cushing inventories on Wednesday (23 Sep). Thursday (24 Sep) brings initial jobless claims, the current account balance, annualised new home sales, and EIA natural gas storage. For RTX, the bigger watch items are whether the tariff impact on FAA programmes and the Pratt & Whitney management handover produce more concrete follow-through.

In Short

This week left a gap between supportive analyst positioning and a modestly lower share price: 15 of 23 covering firms rate RTX buy or overweight, with the consensus target more than 20% above spot, yet the stock fell 1.86% and lagged the broad market. On the latest trading day, small-lot money was a net buyer while large and medium funds were net sellers, a mixed flow picture. Valuation sits near 33.79x P/E and 3.94x P/B. The next thing to watch is whether aerospace and defence demand translates into cash flow, and how tariff pass-through and the Pratt & Whitney transition actually play out.

This article is generated by LongbridgeAI from market data, for information only and not investment advice.