UPDATE: Morgan Stanley Starts Raytheon (RTN) at Overweight

(Updated - August 8, 2017 1:25 PM EDT)

(updated to correct rating)

Morgan Stanley initiates coverage on Raytheon (NYSE: RTN) with a Overweight rating and a price target of $188.00.

Analyst Rajeev Lalwani says the company's substantial international exposure and leading solutions in markets with high-demand (missile defense, cybersecurity, etc) make it well positioned for solid revenue growth and upside surprises. The analyst further comments that RTN has one of the best balance sheets that set it up for a strong narrative for shareholder return potential.

For an analyst ratings summary and ratings history on Raytheon click here. For more ratings news on Raytheon click here.

Shares of Raytheon closed at $173.51 yesterday.

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