A Wells Fargo analyst recently raised the company's price target for RTX ( RTX 0.98%) stock to $151 from a previous target of $140 and maintained an "overweight" rating on the stock. As such, it represents a 31% premium to the current price, but is the new target warranted?

U.S. stock indexes held firmer and finished mixed a day after strong reports on the economy stirred up worries that inflation and interest rates may remain higher than expected.

Asian stocks were mostly lower on Thursday after U.S. stock indexes finished mixed a day after strong reports on the economy stirred up worries that inflation and interest rates may remain higher than expected.