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Thales, a leading French technology and defense company, is poised to benefit from a global supercycle in the armaments industry, with UBS raising its share price target from 160 to 330 euros and upgrading its rating to "Buy." The firm anticipates annual growth rates nearly double the management's cautious targets, supported by Thales' strong market position. With a market capitalization of around 49 billion euros and a 77% increase in share value this year, Thales is also part of the DER AKTIONÄR Weltraum Index, which includes other aerospace companies.
Citigroup and Apollo Global Management are testing their $25bn private credit partnership by offering financing for the sale of Boeing’s Jeppesen navigation unit, which is expected to attract bids around $7bn. The financing, known as private staple financing, combines Citigroup’s M&A advisory with Apollo’s capital, potentially providing $3bn to $3.5bn in debt support. The deal has progressed to the second round of bidding, with interest from several corporate buyers and private equity firms.
First American Bank now holds 45,884 shares of RTX valued at $5,559,000 after acquiring 867 additional shares. Hibernia Wealth Partners LLC and Southern Capital Advisors LLC also made new investments in RTX during the 3rd quarter, while Smithbridge Asset Management increased its stake by 1.4%. RTX has received mixed ratings from analysts, with UBS upgrading it to "buy" and a price target of $147. The stock opened at $123.23, with a market cap of $164.16 billion, and reported earnings of $1.54 per share, exceeding estimates.
RTX operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon, providing aerospace and defense products and services. Analysts have given RTX a "Moderate Buy" rating, with price targets ranging from $130 to $160, reflecting potential upside. The company reported a quarterly EPS of $1.54, exceeding estimates, and has a market cap of $170.23 billion.
UBS has raised RTX Corp's price target to $142, citing strong demand and a 45.83% return over the past year. Despite some challenges, including ongoing issues with Pratt & Whitney engines, RTX is expected to generate significant cash flow, with projections of $10 billion by 2027. The company has secured a $529 million contract for a Patriot air defense system and is exploring the acquisition of Boeing's Jeppesen navigation unit.
RTX Co. reported a quarterly earnings per share of $1.45, exceeding estimates, with a 6% revenue increase year-over-year to $20.09 billion. The company announced a quarterly dividend of $0.63, yielding 2.09%, and has a payout ratio of 72%. Analysts maintain a "Moderate Buy" rating, with a consensus target price of $177.27.
The 2024 US election could significantly influence the stock market, with distinct impacts depending on whether Donald Trump or Kamala Harris wins. A Trump victory may boost energy, defense, and financial sectors, while potentially mixed effects could arise in technology and automotive industries. Conversely, a Harris win is likely to favor clean energy, healthcare reforms, and infrastructure spending, while introducing uncertainty in AI-related stocks.
The 2024 US elections could significantly influence various stock market sectors, depending on whether Donald Trump or Kamala Harris wins. A Trump victory may boost energy, defense, finance, and automotive stocks, while a Harris presidency could favor clean energy, healthcare reforms, and infrastructure investments. Each candidate's policies will shape market dynamics and investor sentiment across different industries.
RTX Corporation, formerly Raytheon Technologies, is a leading aerospace and defense firm with net sales primarily from air navigation systems (29.3%), aerospace (29.2%), missile systems (21.1%), and aerospace systems (20.4%). Revenue sources include 76.7% from product sales and 24.3% from services, with 86.3% of sales generated in the United States.
RTX Corp. has seen a significant revenue surge, particularly in its military sector, prompting UBS to raise its price target to $133 while maintaining a Neutral rating. Despite a downward adjustment in revenue outlook due to the Boeing strike, the company reported robust third-quarter results, with an 8% organic sales growth and a record backlog of $221 billion. Analysts highlight RTX's strong financial health, with a market cap of $166.71 billion and a commitment to shareholder returns through 54 consecutive years of dividend payments.
RTX Corporation
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Thales benefits from defense supercycle as UBS raises share price target
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