Jefferies Reaffirms Hold Rating on RTX Corporation (RTX) Following Defense Systems Deal with Egypt

NodeGuardian

2026-03-12 09:47:34

Abstract generation in progress

Jefferies has reaffirmed its “Hold” rating and a $225 price target for RTX Corporation (RTX) after the US Department of Defense authorized Egypt’s $4.7 billion purchase of National Advanced Surface-to-Air Missile Systems (NASAMS), which includes hundreds of missiles and radars. The firm anticipates high single-digit growth for RTX’s Air Warfare Systems division through the end of the decade. While acknowledging RTX’s growth potential, Insider Monkey suggests that some AI stocks offer greater promise for higher returns and limited downside risk.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.