RTX: well supported after target increase

(CercleFinance.com) - RTX jumps 8% in early trading on Wall Street, hailed for an increase in annual targets, with adjusted EPS now expected at $5.
35 to $5.45 (instead of $5.25 to $5.40) and revenues at $78.75 to $79.5 billion (instead of $78 to $79 billion).

The strength of our end markets and our first-half performance give us the confidence to revise our forecasts upwards," explains CEO Chris Calio, who points to an order backlog of $206 billion.

For its second quarter, the aerospace and defense group (Collins Aerospace, Pratt & Whitney and Raytheon) posted adjusted EPS up 9% to $1.41, on revenues up 8% to $19.7 billion (+10% organic).

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