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RTN

Raytheon

$186.28

-0.9925 (-0.53%)

17:04
01/02/18
01/02
17:04
01/02/18
17:04

Raytheon awarded $333M U.S. Air Force contract

Raytheon Co has been awarded a $333,355,700 firm-fixed-price, cost-plus-fixed-fee contract for a Surveillance Radar Program operations and maintenance follow-on sustainment package that includes contractor logistics support, engineering services and technical updates to address equipment obsolescence; transportation and material costs associated with contractor repair and return services; spare and repair parts; support and test equipment; publications and technical documentation personnel training and training equipment; government and contractor engineering; technical and logistics support services; and other related elements of logistical and program support. This award is 100% foreign military sales.

  • 21

    Feb

RTN Raytheon
$186.28

-0.9925 (-0.53%)

11/28/17
WELS
11/28/17
NO CHANGE
Target $202
WELS
Outperform
Raytheon price target raised to $202 from $195 at Wells Fargo
Wells Fargo analyst Sam Pearlstein raised his price target for Raytheon to $202 from $195, while reiterating an Outperform rating on the shares. Although the adoption of ASU 2017-07 in 2018 will have no impact on reported EPS and cash flow, it will shift certain pension-related items from operating to non-operating, and therefore, reported EBIT will be affected. The analyst expects the ''optics'' of the change to benefit Raytheon's reported operating margin and EV/EBITDA multiples the most in his coverage universe.
12/05/17
BERN
12/05/17
NO CHANGE
BERN
Defense earnings, free cash flow should benefit from tax reform, says Bernstein
Bernstein analyst Douglas Harned believes Defense earnings and free cash flow should benefit substantially in the near-term from Senate and House bills that lower the corporate tax rate from 35% to 20%, as large U.S. defense companies currently pay effective tax rates of 25%-30%. The analyst expects those effective rates to move to a 16%-20% range. Harned prefers Raytheon (RTN) among major U.S. defense contractors, based on international sales, but believes Huntington Ingalls (HII) should benefit most from tax reform and Lockheed Martin (LMT) least.
12/12/17
JPMS
12/12/17
DOWNGRADE
Target $210
JPMS
Neutral
Raytheon downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Seth Seifman downgraded Raytheon ((RTN) to Neutral while raising his price target for the shares to $210 from $190. The analyst cites valuation for the downgrade following the stock's strong performance. He believes Raytheon has well positioned defense franchises but feels Northrop Grumman (NOC) offers more upside.
12/12/17
12/12/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Juno Therapeutics (JUNO) downgraded to Market Perform from Outperform at Wells Fargo, with analyst Jim Birchenough saying that while data for JCAR017 continue to support a potential best-in-class profile in aggressive lymphoma, the current valuation already reflects dominant market positioning over Gilead's (GILD) Yescarta. 2. General Dynamics (GD) downgraded to Underweight from Neutral at JPMorgan, with analyst Seth Seifman saying Gulfstream questions are unlikely to be resolved in the near term. Demand for G500/600 is ok for now, but uncertainty about ultimate production levels and the pace of the learning curve mean the transition will remain a near term overhang, the analyst said. Seifman also downgraded Raytheon (RTN) to Neutral from Underweight. 3. Adobe (ADBE), Barracuda (CUDA), GoDaddy (GDDY), Fortinet (FTNT) and Check Point (CHKP) downgraded to Neutral from Overweight and CoStar Group (CSGP), Imperva (IMPV) and Monotype Imaging (TYPE) downgraded to Underweight from Overweight at JPMorgan by analyst Sterling Auty in conjunction with his 2018 annual outlook for Software Technology. The analyst does not expect the "exceptional performance" in Software during 2017 to repeat in 2018. 4. Spark Therapeutics (ONCE) downgraded to Neutral from Buy at UBS, with analyst Carter Gould seeing a "challenging setup" for the shares after the Phase 1/2 SPK-8011 data in hemophilia A fell short of expectations. The analyst removed SPK-8011, or $29 per share, and early-stage pipeline value, or $12 per share, from his model. He finds it difficult to be more constructive on Spark shares in the near-term. 5. Electronic Arts (EA) downgraded to Buy from Conviction Buy at Goldman Sachs by analyst Christopher Merwin to reflect fewer near-term catalysts around in-game monetization of non-sports titles. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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Sony

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BOFI

BofI Holding

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SNE

Sony

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  • 21

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SNE

Sony

$48.38

-0.22 (-0.45%)

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TJX

TJX

$84.66

-0.15 (-0.18%)

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$665.68

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AAP

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EV

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ADBE

Adobe

$238.00

-0.04 (-0.02%)

19:54
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Recommendations
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  • 21

    May

SNE

Sony

$48.38

-0.22 (-0.45%)

19:36
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  • 21

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K

Kellogg

$60.77

0.58 (0.96%)

19:28
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ST

Sensata

$52.58

(0.00%)

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Earnings
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  • 21

    May

ST

Sensata

$52.58

(0.00%)

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  • 21

    May

ELLI

Ellie Mae

$104.16

0.35 (0.34%)

19:20
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FB

Facebook

$184.48

1.79 (0.98%)

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  • 03

    Jun

BA

Boeing

$363.95

12.71 (3.62%)

19:18
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Periodicals
Boeing Charleston workers to vote on union representation on May 31, WSJ says »

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  • 30

    May

ESLOY

Essilor

$0.00

(0.00%)

19:17
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Conference/Events
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  • 23

    May

WIX

Wix.com

$85.45

-3.25 (-3.66%)

, SHOP

Shopify

$144.58

-2.45 (-1.67%)

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Wix.com

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ADBE

Adobe

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  • 21

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MU

Micron

$55.48

2.11 (3.95%)

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GSM

Ferroglobe

$11.35

0.36 (3.28%)

, CRMT

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$54.60

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MU

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MUFG

Mitsubishi UFJ

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AKAM

Akamai

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ADBE

Adobe

$238.00

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PSTG

Pure Storage

$23.60

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NDSN

Nordson

$139.50

4.45 (3.30%)

IGT

International Game

$29.75

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LBY

Libbey

$6.84

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ARDX

Ardelyx

$5.65

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SAIL

SailPoint

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CADE

Cadence Bancorp

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TWOU

2U

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MYOK

MyoKardia

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$144.58

-2.45 (-1.67%)

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AAR Corp.

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AVA

Avista

$52.62

0.07 (0.13%)

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DEST

Destination Maternity

$2.68

-0.03 (-1.11%)

18:40
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  • 23

    May

ARWR

Arrowhead

$9.78

-0.21 (-2.10%)

18:35
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  • 24

    May

JHX

James Hardie

$17.32

(0.00%)

18:31
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Earnings
James Hardie reports FY18 net profit $146.1M vs. $276.5M last year »

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WST

West Pharmaceutical

$90.13

0.88 (0.99%)

18:27
05/21/18
05/21
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18:27
Conference/Events
West Pharmaceutical management to meet with Jefferies »

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  • 21

    May

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  • 19

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SSRM

SSR Mining

$10.30

0.02 (0.19%)

18:20
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Conference/Events
SSR Mining management to meet with Jefferies »

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  • 23

    May

PDCE

PDC Energy

$65.33

1.57 (2.46%)

18:18
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Hot Stocks
PDC Energy Amidon sells 8,045 common shares »

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  • 19

    Aug

GSM

Ferroglobe

$11.35

0.36 (3.28%)

18:15
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Conference/Events
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