Standpoint Research Starts Raytheon (RTN) at Buy; Concerns Already Priced In
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Price: $116.96 --0%
Rating Summary:
15 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 1
Rating Summary:
15 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 1
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Standpoint Research initiates coverage on Raytheon (NYSE: RTN) with a Buy. PT $54.00.
Standpoint analyst, Ronnie Moas, said, "Raytheon is at risk for defense spending cuts. That being said, RTN is one of the more diversified names in the industry with six business segments. The concerns have already been priced in with RTN trading at < 9X estimates for next year."
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 $45.55 yesterday.
Standpoint analyst, Ronnie Moas, said, "Raytheon is at risk for defense spending cuts. That being said, RTN is one of the more diversified names in the industry with six business segments. The concerns have already been priced in with RTN trading at < 9X estimates for next year."
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 $45.55 yesterday.
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