On July 27, 2026, William O'Neil initiated coverage on RTX Corporation, an aerospace and defense giant, with a "Buy" rating. TD Cowen maintained its "Buy" rating. TD Cowen raised its price target on RTX stock from $225 to $240.
These analyst actions followed RTX's robust second-quarter financial results. RTX reported adjusted earnings of $1.89 per share. This surpassed analyst expectations. The company reported revenue of $24.71 billion. RTX cited strong demand and a record backlog. The company raised its full-year 2026 guidance for sales. RTX also raised its full-year 2026 guidance for adjusted earnings per share. The company raised its full-year 2026 guidance for free cash flow.