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Fly News Breaks for April 20, 2015
RTN
Apr 20, 2015 | 09:19 EDT
Wells Fargo thinks shares of Raytheon will trade lower after the company entered into an agreement with Vista Equity Partners to form a new company that combines Websense, a Vista portfolio company, with Raytheon Cyber Products. Wells believes shares could move down more inline with the earnings dilution of 5%. It keeps an Outperform rating on Raytheon.
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