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Morgan Stanley Raises PT on RTX Corporation (RTX) to $165 from $135, Keeps Overweight Rating
RTX Corporation (NYSE:RTX) is one of the best long term low volatility stocks to buy now. On July 17, Morgan Stanley raised the firm's price target on RTX Corporation (NYSE:RTX) to $165 from $135, keeping an Overweight rating on the shares. An aerial view of a commercial jetliner in flight, its airframe glinting in the sun. The firm told investors that since aerospace stocks are trading at record multiples, the Aerospace sector is undergoing multiple expansion, and that points towards sector resilience. It anticipates industry dynamics to 'largely remain on trend.' Morgan Stanley also added in a Q2 preview for the sector that the Aero supply chain is continually undergoing improvements, with air traffic demand persisting and Boeing output holding momentum. These factors, according to the firm, continue to favor an optimistic outlook on aerospace stocks with a mix of aftermarket and original equipment exposure. RTX Corporation (NYSE:RTX) is an aerospace and defense company that provides aerospace and defense services and systems to military, commercial, and government customers. The company operates through the following segments: Collins Aerospace Systems (Collins), Pratt and Whitney, Raytheon Intelligence and Space (RIS), and Raytheon Missiles and Defense (RMD). While we acknowledge the potential of RTX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
15 minutes ago
- Yahoo
TD Cowen Maintains a Buy on ServiceNow (NOW), Keeps the PT at $1,150
ServiceNow, Inc. (NYSE:NOW) is one of the best long term low volatility stocks to buy now. On July 16, TD Cowen analyst Derrick Wood maintained a Buy rating on ServiceNow, Inc. (NYSE:NOW), keeping the price target at $1,150.00. A team of software engineers at desks working on code for a cutting-edge cloud computing solution. The analyst reasoned that ServiceNow, Inc. (NYSE:NOW) is suitably positioned for future growth and has exhibited strong performance in the enterprise segment, especially with its AI-related projects. The firm expects favorable foreign exchange trends and the company's traction with its GenAI product cycle to be additional growth drivers for its financial performance. The analyst also stated that ServiceNow, Inc. (NYSE:NOW) has a strong track record with a significant beat in fiscal Q1 results and has set a lower guidance bar, which may result in a beat and raise the scenario in the upcoming quarters. ServiceNow, Inc. (NYSE:NOW) has increased sales hiring and boasts a strong pipeline, which, according to the analyst, strategically positions it for the second half of the year and sets it up for continued growth. ServiceNow, Inc. (NYSE:NOW) offers an AI platform for business transformation, boosting productivity and maximizing business outcomes. Its intelligent platform, Now Platform, provides end-to-end workflow automation for digital businesses. Now Platform functions as a cloud-based solution embedded with AI and ML. While we acknowledge the potential of NOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
15 minutes ago
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China Galaxy International Downgrades PT on PDD Holdings (PDD) from $164 to $112
PDD Holdings Inc. (NASDAQ:PDD) is one of the best long term low volatility stocks to buy now. On May 30, China Galaxy International analyst Lei Yang downgraded the price target on PDD Holdings Inc. (NASDAQ:PDD) from $164 to $112, keeping a Hold rating on the shares. A close-up of a customer using the company's e-commerce platform whilst shopping online. Since the company is China-based, it is experiencing uncertainties due to Trump's tariffs. Reuters reported that the global discount e-commerce platform Temu, which is owned and operated by PDD Holdings Inc. (NASDAQ:PDD), underwent a whopping 48% drop in its daily US users in May compared to March. As a result, Temu's advertising spend in the country also dropped considerably. Morgan Stanley equity analyst Simeon Gutman said the following about the situation in a May note: 'While the tariff environment is uncertain, if the status quo remains for an extended period, we believe Temu's competitive threat will continue to weaken.' PDD Holdings Inc. (NASDAQ:PDD) is a Chinese multinational online commerce group and retailer that owns and operates a range of diverse businesses. It also has a strong logistics, sourcing, and fulfillment capabilities network that supports its operations. The company owns Pinduoduo, a popular online commerce platform in China, and also runs the fast-growing e-commerce marketplace Temu. Temu now operates in more than 50 countries worldwide. While we acknowledge the potential of PDD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
