Wall Street held firmer on Wednesday, a day after strong reports on the economy hurt U.S. stocks by stirring up worries that inflation and interest rates may remain higher than expected. The S&P 500 rose 0.

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?

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.