Barclays initiates coverage of RTX with an Overweight rating
Barclays initiated coverage of RTX (NYSE:RTX) (WBAG:RTX) with a Overweight recommendation on October 9, 2026.
RTX Corporation, headquartered in the United States, operates in the aerospace and defense industry, manufacturing aircraft engines, avionics, missiles, air defense systems, drones, and related intelligence, GPS, communications, and sensor technologies.
On October 9, 2026, the stock's latest close was $185.97; the pre-action close on October 8, 2026, was $184.32. Over a one-week period, the price change was +0.70% from a baseline close of $184.68 on October 2, 2026. Over a one-month period, the price change was -5.86% from a baseline close of $197.55 on September 9, 2026.
Separately from the individual rating by Barclays, aggregate consensus target data as of October 2, 2026, indicated a mean target of $228.78 and a median target of $242.76, representing an implied change of +23.02%. The prior consensus target mean was $229.47 as of September 15, 2026, reflecting a consensus target revision of -0.30%. Broader analyst sentiment during the recommendation period of September 1, 2026, showed 7 strong buy, 13 buy, 9 hold, and 1 strong sell recommendations, totaling 30 recommendations. This distribution represents 66.7% positive, 30.0% hold, and 3.3% negative recommendations.
RTX Corporation reported its latest quarterly earnings on July 23, 2026, posting an actual EPS of 1.89 against an estimated EPS of 1.6781, an EPS surprise of +12.63%. The company's actual revenue reached $24,708,000,000.00, compared to the estimated revenue of $23,121,604,719.00. The upcoming earnings announcement is scheduled for October 20, 2026, before market open. Other recent analyst actions include TD Cowen maintaining a Buy rating on October 9, 2026, and Bernstein maintaining a Market Perform rating on September 23, 2026.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| October 9, 2026 | Barclays | Overweight | initiated coverage | |
| October 9, 2026 | TD Cowen | Buy | Buy | maintained |
| September 23, 2026 | Bernstein | Market Perform | Market Perform | maintained |
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