Raytheon (RTN) PT Raised to $132 at RBC Capital

RBC Capital analyst Robert Stallard reiterated an Outperform rating and boosted his price target on Raytheon (NYSE: RTN) to $132.00 (from $121.00) following Q2 results.

The firm also raised 2015 EPS estimate from $6.20 to $6.72, whilst 2016 goes from $6.27 to $7.19.

"With a strong organic performance in bookings a revenues, and an improved path for GAAP EPS accretion from Websense, we view this as a break out quarter for Raytheon, delivering on management's ahead of the curve growth strategy," Stallard commented. "Even after the positive response to these results, we still see healthy upside potential to the stock price."

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 $96.99 yesterday.

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