RTX stock slips after BofA downgrades on 1st day of company’s new name

Shares of RTX Corp. RTX, formerly known as Raytheon Technologies Corp., slipped 0.2% in morning trading Thursday on the first day under the aerospace and defense contractor’s new name. The stock had dropped 11.0% over the past two sessions, after the company said some of its Pratt & Whitney airline jet engines would need to be removed from service for inspection, due to contamination in powdered metal used to make certain parts.

2% in morning trading Thursday on the first day under the aerospace and defense contractor’s new name. The stock had dropped 11.0% over the past two sessions, after the company said some of its Pratt & Whitney airline jet engines would need to be removed from service for inspection, due to contamination in powdered metal used to make certain parts. The stock slipped as BofA Securities analyst Ronald Epstein downgraded it to neutral from buy, and cut his price target to $95 from $220.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Don't buy Tractor Supply's stock ahead of likely earnings miss, BofA warnsTractor Supply stock fell Tuesday after BofA Securities downgraded it two days before the farm- and ranch-products retailer reports quarterly results.
Bron: MarketWatch - 🏆 3. / 97 Lees verder »

Cost of betting against a stock-market crash is cheapest since 2008, says BofATraders who expect the stock-market to crash some time during the next year are in luck: the cost of betting against a blowup hasn't been this cheap since at...
Bron: MarketWatch - 🏆 3. / 97 Lees verder »

Hedging stock-market sell-off hasn't been this cheap since 2008: BofABetting on a US stock-market crash hasn't been this cheap since 2008, Bank of America says
Bron: BusinessInsider - 🏆 729. / 51 Lees verder »