RTX, SIRI Hit Fresh 52-Week Highs Today – What’s Got Investors Buzzing?
RTX and Sirius XM (SIRI) both reached new 52-week highs, driven by positive analyst actions and strong company performance. RTX benefited from Wall Street upgrades, including a raised price target from TD Cowen and Jefferies, following its better-than-expected second-quarter earnings and new contracts. Sirius XM saw its price target significantly increased by Wells Fargo due to a higher valuation of its spectrum assets amid growing demand for mid-band spectrum.
Why it matters
Attributed market update with source link for portfolio context.