RTX Corporation (RTX) has seen its stock decline for three consecutive days after being downgraded by major Wall Street banks due to a manufacturing defect in airplane engines for Airbus. The defect will cost RTX at least $3 billion and has prompted a reduction in the full-year sales forecast. While some analysts express concerns about the impact on RTX's reputation, others like TD Cowen maintain a more optimistic view, suggesting that the stock remains attractively priced in the long term, with the potential for substantial earnings growth by 2026.
