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RTN

Raytheon

$185.44

-2.08 (-1.11%)

06:58
04/25/19
04/25
06:58
04/25/19
06:58

Raytheon reports Q1 EPS $2.77, consensus $2.47

Reports Q1 revenue $6.73B, consensus $6.57B. Reports Q1 bookings down 14.9% to $5.37B. Reports Q1 backlog $41.07B. "We delivered strong operating performance in the first quarter with our company bookings, sales, earnings per share and cash flow all ahead of our expectations," said Thomas Kennedy, Raytheon Chairman and CEO. "The Raytheon team remains focused on driving strong execution and future growth by developing and delivering innovative solutions that address our customers' most complex challenges."

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    Jun

RTN Raytheon
$185.44

-2.08 (-1.11%)

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.
04/03/19
UBSW
04/03/19
DOWNGRADE
Target $200
UBSW
Neutral
Raytheon downgraded to Neutral from Buy at UBS
UBS analyst Myles Walton downgraded Raytheon to Neutral from Buy and lowered his price target for the shares to $200 from $220. The stock's relative valuation "is no longer compelling" given the company's 150 basis points below average free cash flow yield for 2019 and 20 basis points below average for 202, Walton tells investors in a research note. The analyst notes Raytheon has outperformed the large-cap defense average by about 900 basis points year-to-date.

TODAY'S FREE FLY STORIES

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GLW

Corning

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TSN

Tyson Foods

$81.18

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BMY

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Celgene

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LN

Line Corp.

$28.08

-0.17 (-0.60%)

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FXI

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$42.65

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PAVM

PAVmed

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LN

Line Corp.

$28.08

-0.17 (-0.60%)

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Upgrade
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DBX

Dropbox

$25.29

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U.S. Dallas Fed manufacturing index dropped another 6.8 points to -12.1 in June »

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AMZN

Amazon.com

$1,906.00

-4.42 (-0.23%)

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Ulta Beauty

$354.70

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SBH

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AEGN

Aegion

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0.17 (1.02%)

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NOW

ServiceNow

$282.05

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BHVN

Biohaven Pharmaceutical

$40.80

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LVS

Las Vegas Sands

$59.26

0.08 (0.14%)

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Las Vegas Sands call volume above normal and directionally bullish »

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SPLK

Splunk

$123.84

-0.41 (-0.33%)

, HMSY

HMS Holdings

$31.56

-0.3 (-0.94%)

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SPLK

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SON

Sonoco

$64.65

-0.75 (-1.15%)

, OXY

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$50.26

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SON

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UTX

United Technologies

$129.86

1.08 (0.84%)

, DE

Deere

$167.61

3.32 (2.02%)

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UTX

United Technologies

$129.86

1.08 (0.84%)

DE

Deere

$167.61

3.32 (2.02%)

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Agco

$76.46

1.75 (2.34%)

RCII

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0.27 (1.12%)

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