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The Case For Raytheon To Be The Top Defense Stock

Raytheon Company NYSE:RTN - The Case For Raytheon To Be The Top Defense Stock
  • RBC Capital Markets’ Robert Stallard upgraded the company from Outperform to Top Pick, while maintaining the price target at $132.
  • Share gains and export wins are expected to drive above-average growth at Raytheon, Stallard believes.

Analyst Robert Stallard mentioned that Raytheon has the most “attractive balance of growth and valuation in the generally improving defense sector.” While the outlook for the U.S. Department of Defense budget...


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