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RTN

Raytheon

$184.02

-0.53 (-0.29%)

17:23
09/28/17
09/28
17:23
09/28/17
17:23

Raytheon awarded $292.4M government contract modification

Raytheon Missile Systems, Tucson, Arizona, has been awarded a $292,436,322 modification to foreign military sales contract W31P4Q-12-C-0265 for Tube-launched Optically-tracked Wireless-guided missiles. Work will be performed in Tucson, Arizona; and Farmington, New Mexico, with an estimated completion date of Dec. 31, 2018. Fiscal 2010 foreign military sales funds in the amount of $292,436,322 were obligated at the time of the award. U.S. Army Contracting Command, Redstone Arsenal, Alabama, is the contracting activity.

RTN Raytheon
$184.02

-0.53 (-0.29%)

08/08/17
MSCO
08/08/17
INITIATION
Target $188
MSCO
Overweight
Raytheon initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Rajeev Lalwani initiated Raytheon with an Overweight and a $188 price target saying it has leading positions in high demand areas of missile defense and internationally, and optionality around an A-rated balance sheet.
08/08/17
08/08/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Amazon.com (AMZN), Alphabet (GOOG, GOOGL), and Facebook (FB) were reinstated with a Buy at Mizuho, while eBay (EBAY) and Twitter (TWTR) were reinstated with an Underperform. 2. Broadridge (BR) initiated with a Neutral at DA Davidson. 3. Brighthouse Financial (BHF) initiated with an Overweight at Barclays. 4. Akcea Therapeutics (AKCA) WAS initiated with an Outperform at BMO Capital and Cowen, an Outperform at Wells Fargo, as well as a Buy at Stifel. 5. Lockheed Martin (LMT) and Raytheon (RTN) were initiated with an Overweight at Morgan Stanley, while Northrop Grumman (NOC) was initiated with an Equal Weight, and General Dynamics (GD) was initiated with an Underweight at the firm. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/10/17
BARD
08/10/17
NO CHANGE
Target $212
BARD
Outperform
Raytheon price target raised to $212 from $170 at Baird
Baird analyst Peter Arment raised his price target on Raytheon to $212 from $170 to reflect significant program wins both domestically and internationally for missile defense and missile systems that puts the company in position for favorable organic growth in 2018 and beyond. Arment reiterated his Outperform rating on Raytheon shares.
09/06/17
STFL
09/06/17
NO CHANGE
STFL
Stifel says United Tech deal strategic, not a sign of M&A 'floodgates opening'
Stifel analyst Joseph DeNardi said one of the only risks he sees to defense stocks' multiples would be a shift in cash deployment strategy from a focus on dividends and buybacks to M&A. However, he views United Technologies' (UTX) planned acquisition of Rockwell Collins (COL) as strategic and largely focused on its desire to regain leverage against Boeing (BA) and Airbus (EADSY) and not indicative of the M&A "floodgates opening" in the defense sector. Other publicly traded companies in the defense space include BAE Systems (BAESY), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC) and Raytheon (RTN).

TODAY'S FREE FLY STORIES

VECO

Veeco

$18.35

-0.55 (-2.91%)

10:11
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    Feb

CLF

Cleveland-Cliffs

$7.62

-0.12 (-1.55%)

10:10
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10:10
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U.S. existing home sales preview: »

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MTCH

Match Group

$42.10

0.54 (1.30%)

, IAC

IAC

$149.83

0.74 (0.50%)

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MTCH

Match Group

$42.10

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IAC

IAC

$149.83

0.74 (0.50%)

ANGI

Angi Homeservices

$14.60

0.58 (4.14%)

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    Feb

MOS

Mosaic

$27.78

1.0176 (3.80%)

10:05
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Mosaic call volume above normal and directionally bullish »

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More from Harker: a trade war would not be good »

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ABBV

AbbVie

$120.00

2.02 (1.71%)

10:05
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  • 08

    Mar

10:04
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Existing Home Sales data reported »

January Existing Home…

RDWR

Radware

$21.09

-0.25 (-1.17%)

10:04
02/21/18
02/21
10:04
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10:04
Conference/Events
Radware management to meet with Oppenheimer »

Meeting to be held in…

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RDWR

Radware

$21.09

-0.25 (-1.17%)

10:01
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10:01
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Conference/Events
Radware management to meet with Oppenheimer »

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QTWO

Q2 Holdings

$42.85

-1.8 (-4.03%)

10:00
02/21/18
02/21
10:00
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10:00
Conference/Events
Q2 Holdings management to meet with Needham »

Meeting to be held in…

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  • 22

    Feb

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    Mar

10:00
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10:00
General news
U.S. Markit manufacturing PMI rose 0.4 points to 55.9 in the flash February »

U.S. Markit manufacturing…

LFUS

Littelfuse

$208.66

0.61 (0.29%)

09:59
02/21/18
02/21
09:59
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09:59
Conference/Events
Littelfuse management to meet with Oppenheimer »

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  • 22

    Feb

NJDCY

Nidec

$37.80

-0.12 (-0.32%)

09:57
02/21/18
02/21
09:57
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09:57
Conference/Events
Nidec management to meet with Oppenheimer »

Group luncheon to be held…

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  • 23

    Feb

HDP

Hortonworks

$18.22

0.03 (0.16%)

09:55
02/21/18
02/21
09:55
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09:55
Conference/Events
Hortonworks management to meet with Northland »

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  • 22

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PVG

Pretium Resources

$6.56

-0.05 (-0.76%)

09:55
02/21/18
02/21
09:55
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09:55
Options
Pretium Resources put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 09

    Mar

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    Mar

AAP

Advance Auto Parts

$115.88

10.53 (10.00%)

, EXR

Extra Space Storage

$84.86

4.105 (5.08%)

09:55
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Options
Early notable gainers among liquid option names on February 21st »

Notable gainers among…

AAP

Advance Auto Parts

$115.88

10.53 (10.00%)

EXR

Extra Space Storage

$84.86

4.105 (5.08%)

MOS

Mosaic

$27.48

0.72 (2.69%)

CF

CF Industries

$42.80

0.975 (2.33%)

VRSK

Verisk Analytics

$97.04

-1.75 (-1.77%)

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  • 21

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GVA

Granite Construction

$60.01

0.0066 (0.01%)

09:52
02/21/18
02/21
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09:52
Conference/Events
Granite Construction management to meet with MKM Partners »

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CPS

Cooper-Standard

$120.74

-0.8988 (-0.74%)

09:51
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Conference/Events
Cooper-Standard management to meet with Roth Capital »

Meeting to be held in…

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  • 22

    Feb

  • 11

    Mar

LEXEB

Liberty Expedia Holdings

09:50
02/21/18
02/21
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09:50
Hot Stocks
Breaking Hot Stocks news story on Liberty Expedia Holdings  »

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ANET

Arista Networks

$249.53

-0.125 (-0.05%)

09:50
02/21/18
02/21
09:50
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09:50
Conference/Events
Arista Networks management to meet with KeyBanc »

Meeting to be held in…

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03/08/13
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03/06/13
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03/06/13
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  • 22

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  • 06

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    Mar

LEXEB

Liberty Expedia Holdings

09:45
02/21/18
02/21
09:45
02/21/18
09:45
Hot Stocks
Breaking Hot Stocks news story on Liberty Expedia Holdings  »

Liberty Expedia Holdings…

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03/06/13
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09:45
02/21/18
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General news
Existing Home Sales to be reported at 10:00 »

January Existing Home…

PM

Philip Morris

09:43
02/21/18
02/21
09:43
02/21/18
09:43
Earnings
Philip Morris sees Q1 EPS about 87c, including 3c of favorable currency 

Consensus is 90c.

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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DVAX

Dynavax

$17.25

0.025 (0.15%)

09:41
02/21/18
02/21
09:41
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09:41
Hot Stocks
Dynavax says CDC advisory committee recommends Heplisav-B »

Dynavax announced that…

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  • 21

    Feb

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    Apr

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