Deutsche Bank analyst Scott Duschl made the upgrade RTX (RTX) to buy from Hold using a Price target From $140, up from $131. RTX trades like a defense stock and is valued like a defense stock but has multiple EBIT like an aviation stock, the analyst tells investors in a research note. The company says this makes the RTX an attractive way to play World Defense Course. The company’s “superior” long-term growth and operating leverage rooted in its aerospace business as well as its “strong” international revenue mix in defense help it achieve a better earnings multiple story than defense names, which barring a multiple rating should allow it to do so. Achieve superior returns over time, as Deutsche Bank asserts.
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https://media.zenfs.com/en/tipranks_452/09c97dfc67cca12ddb489da8133850ca
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