RBC Capital Remains Bullish on Raytheon (RTN) Following Investor Dinner

RBC Capital reiterated an Outperform rating and $132.00 price target on Raytheon (NYSE: RTN) following an investor dinner in Boston. Analyst Robert Stallard said that there were no "new news" items.

Stallard commented, "We attended Raytheon's investor dinner in Boston yesterday, which was attended by many of its senior leadership team, including CEO Tom Kennedy. Although there were no 'new news' items, we think it notable that the Raytheon team remains very comfortable with its outlook at a time when other companies in the industrial space are cutting forecasts."

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 $100.04 yesterday.

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