RTX Corporation (NYSE:RTX) is one of the best long term low volatility stocks to buy now. On July 17, Morgan Stanley raised the firm’s price target on RTX Corporation (NYSE:RTX) to $165 from $135, keeping an Overweight rating on the shares.
An aerial view of a commercial jetliner in flight, its airframe glinting in the sun.
The firm told investors that since aerospace stocks are trading at record multiples, the Aerospace sector is undergoing multiple expansion, and that points towards sector resilience. It anticipates industry dynamics to “largely remain on trend.”
Morgan Stanley also added in a Q2 preview for the sector that the Aero supply chain is continually undergoing improvements, with air traffic demand persisting and Boeing output holding momentum. These factors, according to the firm, continue to favor an optimistic outlook on aerospace stocks with a mix of aftermarket and original equipment exposure.
RTX Corporation (NYSE:RTX) is an aerospace and defense company that provides aerospace and defense services and systems to military, commercial, and government customers. The company operates through the following segments: Collins Aerospace Systems (Collins), Pratt and Whitney, Raytheon Intelligence and Space (RIS), and Raytheon Missiles and Defense (RMD).
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Disclosure: None. This article is originally published at Insider Monkey.
