There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Raytheon Technologies (RTX) and KBR (KBR) with bullish sentiments.
Raytheon Technologies (RTX)
Cowen & Co. analyst Cai Rumohr maintained a Buy rating on Raytheon Technologies on February 22 and set a price target of $88.00. The company’s shares closed last Wednesday at $77.20.
According to TipRanks.com, Rumohr is a 4-star analyst with an average return of 5.3% and a 59.3% success rate. Rumohr covers the Technology sector, focusing on stocks such as Smith & Wesson Brands, Science Applications, and Caci International.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Raytheon Technologies with a $84.75 average price target.
See today’s analyst top recommended stocks >>
KBR (KBR)
Cowen & Co. analyst Gautam Khanna maintained a Buy rating on KBR on February 22 and set a price target of $36.00. The company’s shares closed last Wednesday at $32.52, close to its 52-week high of $32.90.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 10.7% and a 69.4% success rate. Khanna covers the Technology sector, focusing on stocks such as L3Harris Technologies, Huntington Ingalls, and General Electric.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for KBR with a $36.14 average price target, which is a 12.4% upside from current levels. In a report issued on February 23, Citigroup also maintained a Buy rating on the stock with a $38.00 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Read More on KBR:
