Wells Fargo Initiates Coverage of RTX (RTX) with Equal-Weight Recommendation
Fintel reports that on April 1, 2026, Wells Fargo initiated coverage of RTX (NYSE:RTX) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 10.30% Upside
As of March 27, 2026, the average one-year price target for RTX is $212.77/share. The forecasts range from a low of $116.15 to a high of $252.00. The average price target represents an increase of 10.30% from its latest reported closing price of $192.90 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for RTX is 82,785MM, a decrease of 6.57%. The projected annual non-GAAP EPS is 7.62.
What is the Fund Sentiment?
There are 3,360 funds or institutions reporting positions in RTX. This is an decrease of 812 owner(s) or 19.46% in the last quarter. Average portfolio weight of all funds dedicated to RTX is 0.47%, an increase of 14.30%. Total shares owned by institutions decreased in the last three months by 15.01% to 1,132,962K shares. 
The put/call ratio of RTX is 0.72, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital Research Global Investors holds 76,140K shares representing 5.66% ownership of the company. In its prior filing, the firm reported owning 76,198K shares , representing a decrease of 0.08%. The firm increased its portfolio allocation in RTX by 7.75% over the last quarter.
J. Stern & Co. LLP holds 62,422K shares representing 4.64% ownership of the company. In its prior filing, the firm reported owning 379K shares , representing an increase of 99.39%. The firm increased its portfolio allocation in RTX by 10.86% over the last quarter.
Capital International Investors holds 44,512K shares representing 3.31% ownership of the company. In its prior filing, the firm reported owning 54,900K shares , representing a decrease of 23.34%. The firm decreased its portfolio allocation in RTX by 13.69% over the last quarter.
Dodge & Cox holds 37,572K shares representing 2.79% ownership of the company. In its prior filing, the firm reported owning 40,099K shares , representing a decrease of 6.73%. The firm increased its portfolio allocation in RTX by 2.74% over the last quarter.
Jpmorgan Chase holds 32,110K shares representing 2.39% ownership of the company. In its prior filing, the firm reported owning 30,150K shares , representing an increase of 6.11%. The firm increased its portfolio allocation in RTX by 22.32% over the last quarter.
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This story originally appeared on Fintel.