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RTN

Raytheon

$164.91

-0.2 (-0.12%)

11:47
01/22/19
01/22
11:47
01/22/19
11:47

Raytheon awarded $72M contract for Aegis Weapon System fire control system

Raytheon Company was awarded the following contract as announced by the Department of Defense on December 26, 2018. Raytheon, Integrated Defense Systems, Marlborough, Massachusetts, was awarded a $72,463,134 firm-fixed-price, cost-plus-fixed-fee, cost-only undefinitized contract action for the production of Aegis Weapon System fire control system MK 99 equipment, Aegis Modernization production requirements, and associated engineering services. Fiscal 2018 shipbuilding and conversion; fiscal 2018 other procurement; and fiscal 2018 defense wide procurement funding in the amount of $22,975,534 will be obligated at time of award and will not expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington, District of Columbia, is the contracting activity.

  • 31

    Jan

RTN Raytheon
$164.91

-0.2 (-0.12%)

09/21/18
09/21/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. UBS SAYS BUY AT&T: UBS analyst John Hodulik upgraded AT&T (T) to Buy and raised his price target for the shares to $38 from $33, noting that the stock is trading near all-time low valuations and at its widest valuation gap to Verizon (VZ). The Time Warner transaction and accounting changes "have compounded [other] issues, leading to a loss of visibility for investors," but his work indicates that AT&T will return to EBITDA growth in the second half of 2018, after a 6% decline in the first half, due to growth in Wireless and WarnerMedia as well as slower declines in Entertainment. JPMORGAN GOES TO BULL FROM BEAR ON NOVAVAX: JPMorgan analyst Eric Joseph double upgraded Novavax (NVAX) to Overweight from Underweight saying the risk/reward is favorable into the report of Prepare trial data in Q1 of 2019. The trial is assessing the efficacy of the company's RSV F Vaccine for infants via maternal immunization and the analyst believes the shares can hit a range of $2.00 to $2.25, he told investors. JPMORGAN SUGGESTS BEING SHORT COPART, LONG KAR: JPMorgan analyst Ryan Brinkman downgraded Copart (CPRT) to Underweight and lowered his price target for the shares to $47 from $48. The company reported softer than expected Q4 results this week but trades at "near record multiples" of earnings and EBITDA, Brinkman told investors. The analyst sees a potential pair trade in going long KAR Auction (KAR) shares, and short Copart shares, to capitalize on the "valuation disconnect." LOOP SETS $8.25 TARGET ON HARMONIC: Loop Capital analyst James Kisner initiated Harmonic (HLIT) with a Buy rating and $8.25 price target, saying he believes Harmonic can "drive robust revenue growth on its Cable Edge business as cable operators like Comcast (CMCSA, CMCSK) adopt its virtual CCAP/CMTS solution," and that the company's video business with stabilize. 'DON'T PANIC' OVER DOD PROPOSAL: Morgan Stanley analyst Rajeev Lalwani attributes the underperformance in Defense stocks over the last two days compared to the broader market to heightened concerns around a month old proposal from the Department of Defense to adjust progress and performance payments down to 50% from 80% of cost, which would effectively slow the timing of cash flow receipts closer to when a project is complete. He sees a number of reasons not to panic, mainly because he believes that the Administration will not move forward with a proposal industry-players will paint as being anti-business and anti-defense spending. Publicly-traded defense contractors include General Dynamics (GD), Huntington Ingalls (HII), L3 Technologies (LLL), Lockheed Martin (LMT), Northrop Grumman (NOC) and Raytheon (RTN).
12/11/18
MSCO
12/11/18
NO CHANGE
MSCO
Morgan Stanley sees further room for Defense stocks to advance
Morgan Stanley analyst Rajeev Lalwani said he is constructive on Defense stocks following yesterday's 4% move up, noting that budgets now appear to be on a better track and point to growth again. Defense stocks have recently performed poorly, consistent with other Industrial sectors, he points out, adding that he thinks the sector should do well in a period of economic uncertainty. In terms of individual names, Lalwani said his preference remains Raytheon (RTN) and Lockheed Martin (LMT), on which he has Overweight ratings. He maintains an Underweight rating on General Dynamics (GD). Other publicly traded companies in the Defense space include BAE Systems (BAESY), Boeing (BA), Northrop Grumman (NOC), and United Technologies (UTX).
01/10/19
SUSQ
01/10/19
INITIATION
Target $187
SUSQ
Positive
Raytheon initiated with a Positive at Susquehanna
Susquehanna analyst Charles Minervino initiated Raytheon with a Positive rating as he likes the company's strategic positioning in the industry. It has a high level of international leverage, missile and missile defense exposure, and technological solutions that tap into both governmental and commercial markets, said Minervino, who has a $187 price target on Raytheon shares.
01/10/19
01/10/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Ship Finance (SFL) initiated with a Neutral at B. Riley FBR. 2. Wipro (WIT) initiated with a Hold at Deutsche Bank. 3. Boeing (BA), Lockheed Martin (LMT), and Raytheon (RTN) were initiated with a Positive at Susquehanna while Northrop Grumman (NOC) and General Dynamics (GD) were initiated with a Neutral. 4. Dollar General (DG) initiated with an Outperform at BMO Capital while Dollar Tree (DLTR) was initiated with a Market Perform. 5. Verint (VRNT) initiated with a Buy at Jefferies. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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QCOM

Qualcomm

$57.16

-0.6 (-1.04%)

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EVER

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-0.1 (-1.27%)

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RYTM

Rhythm Pharmaceuticals

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  • 28

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TWOU

2U

$66.19

-2.92 (-4.23%)

13:57
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GLW

Corning

$33.89

-0.91 (-2.61%)

13:55
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Corning put volume heavy and directionally bearish »

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ATEC

Alphatec

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-0.12 (-4.41%)

13:52
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Alphatec management to meet with Lake Street »

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  • 27

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TLRA

Telaria

$6.16

-0.25 (-3.90%)

13:52
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Telaria management to meet with Lake Street »

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  • 26

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SRDX

Surmodics

$42.26

-3.67 (-7.99%)

13:51
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  • 26

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TPR

Tapestry

$31.23

-0.72 (-2.25%)

13:49
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Tapestry option volume 4x normal as shares test multiyear lows »

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IONS

Ionis Pharmaceuticals

$78.80

-1.73 (-2.15%)

, RHHBY

Roche

$0.00

(0.00%)

13:46
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13:46
Recommendations
Ionis Pharmaceuticals, Roche analyst commentary  »

Ionis Pharmaceuticals…

IONS

Ionis Pharmaceuticals

$78.80

-1.73 (-2.15%)

RHHBY

Roche

$0.00

(0.00%)

03/08/13
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  • 01

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February Treasury Budget…

SLCA

U.S. Silica

$15.90

-1.08 (-6.36%)

13:40
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13:40
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  • 28

    May

SHOP

Shopify

$201.50

-3.48 (-1.70%)

13:39
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IBM

IBM

$139.28

-2.09 (-1.48%)

13:35
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IBM put volume heavy and directionally bearish »

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  • 30

    Apr

PLCE

Children's Place

$86.53

-0.97 (-1.11%)

13:22
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  • 28

    Mar

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    Apr

SPLK

Splunk

$126.05

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13:20
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  • 16

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VSAT

ViaSat

$75.82

-1.15 (-1.49%)

13:18
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  • 28

    Mar

TDS

Telephone and Data

$31.39

-0.47 (-1.48%)

13:17
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Telephone and Data management to meet with B. Riley FBR »

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  • 27

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$NSD

NASDAQ Market Internals

$0.00

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USM

U.S. Cellular

$46.51

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13:16
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  • 27

    Mar

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
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GNL

Global Net Lease

$18.77

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13:16
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Global Net Lease management to meet with B. Riley FBR »

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  • 25

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  • 15

    Apr

MMM

3M

$204.97

-4.62 (-2.20%)

13:15
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  • 28

    May

PCTI

PCTEL

$5.21

-0.02 (-0.38%)

13:14
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PCTEL management to meet with B. Riley FBR »

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  • 27

    Mar

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