U.S. Navy awards Raytheon $159 million for Phalanx production
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Cowen Raises Price target to $130 on Raytheon (RTN) Following 3Q15
October 23, 2015 8:14 AM EDTCowen reiterated an Outperform rating on Raytheon (NYSE: RTN), and raised the price target to $130.00 (from $120.00), following the company's 3Q15 earnings results. Q3 EPS of $1.47 beat by 7¢ on a 5% organic sales gain with 5¢ of the favorable EPS variance from ops and 4¢ from lower interest... More
