Major Bank Ratings | Morgan Stanley: Lowers RTX (Raytheon Technologies) target price to $220, remains among top picks in the aerospace sector

```htmlGolden Ten Data April 23｜Morgan Stanley released a report stating that Raytheon Technologies, the US military and aerospace technology giant, delivered strong first-quarter results, with robust performance across all business segments. Raytheon Technologies is in a favorable position for continued growth and margin expansion in the future, with strong execution and end-market demand in the first quarter. Morgan Stanley believes that the pullback caused by investors' concerns over its 2027 business presents a good buying opportunity, as the upside potential is underestimated and the valuation is attractive. The firm reiterates its "Overweight" rating, but lowers the target price from $235 to $220, maintaining Raytheon Technologies as its top pick in the aerospace sector.```