Jefferies Upgrades Raytheon (RTN) to Buy
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Price: $47.10 +0.32%
Rating Summary:
6 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
6 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Jefferies upgraded Raytheon (NYSE: RTN) from Hold to Buy and raised their price target from $52 to $54.
The firm states, "Advances in electronic sensors, software, and signal detection have the potential to reshape the buying habits of the DoD. As a leading supplier of radar systems, electronic warfare solutions and information networks, Raytheon is in a position to deliver systems that will enable the DoD to leverage advances in technology to buy more capability for less."
EPS estimates for 2011, 2012, and 2013 remain unchanged at $4.85, $5.65
and $6.35, respectively.
For more ratings news on Raytheon click here and for the rating history of Raytheon click here.
Shares of Raytheon closed at $45.75 yesterday.
The firm states, "Advances in electronic sensors, software, and signal detection have the potential to reshape the buying habits of the DoD. As a leading supplier of radar systems, electronic warfare solutions and information networks, Raytheon is in a position to deliver systems that will enable the DoD to leverage advances in technology to buy more capability for less."
EPS estimates for 2011, 2012, and 2013 remain unchanged at $4.85, $5.65
and $6.35, respectively.
For more ratings news on Raytheon click here and for the rating history of Raytheon click here.
Shares of Raytheon closed at $45.75 yesterday.
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