Cowen analyst Cai von Rumohr said he likes the defense sector names heading into quarterly earnings. The analyst cited robust weapons outlays, outperformance in presidential election years, and the neutralization of near-term budget risk. His favorite name is Outperform rated General Dynamics (GD) and he raised its price target to $225 from $215. von Rumohr also raised his price target on Lockheed Martin (LMT) to $440 from $395, Northrop Grumman (NOC) to $390 from $350, Raytheon (RTN) to $253 from $225, and lowered his price target on Textron (TXT) to $53 from $60.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here