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Fly News Breaks for November 12, 2015
RTN
Nov 12, 2015 | 08:04 EDT
Argus upgraded Raytheon to Buy with a $135 price target on shares. Analyst John Eade expects management's focus on international and cybersecurity businesses to generate stronger growth over the next two years. Eade said Raytheon's mix compares favorable versus peers and he likes its focus on advanced missile defense, electronic warfare and cybersecurity systems. The analyst said the company generates strong cash flow and aggressively returns cash to shareholders.
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