RBC Capital Starts Raytheon (RTN) at Outperform

RBC Capital initiates coverage on Raytheon (NYSE: RTN) with a Outperform rating and a price target of $180.00.

Analyst Matthew McConnell commented, "We view Raytheon as the best-positioned defense company for the current threat environment with its leading position in cyber, missile defense and missiles, plus a large and growing international installed base that positions it for upgrade and replacement sales. This should drive faster revenue growth and a margin tailwind, and warrants a premium vs peers. Our $180 target price supports an Outperform rating."

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 $146.61 yesterday.

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