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RTN

Raytheon

$177.26

-3.38 (-1.87%)

14:05
05/07/19
05/07
14:05
05/07/19
14:05

Raytheon to merge Naval strike missiles into Marine's existing force structure

Raytheon will integrate the Naval Strike Missile into the U.S. Marine Corps' existing force structure under a $47.59M Other Transaction Authority agreement with Marine Corps Systems Command. A USMC NSM supports the 2018 National Defense Strategy and Commandant of the Marine Corps modernization efforts. NSM is a long-range, precision strike missile that can detect and destroy heavily defended land and sea targets at long distances. In 2018, the U.S. Navy awarded Raytheon a contract to manufacture and deliver NSM as the Navy's over-the-horizon weapon system for littoral combat ships and future frigates. The Marine Corps' selection of the Navy's anti-ship missile enhances joint interoperability and reduces costs and logistical burdens. "This fifth-generation missile adds another dimension for sea control operations and for protection from adversary warships," said Kim Ernzen, vice president of Raytheon Air Warfare Systems.

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RTN Raytheon
$177.26

-3.38 (-1.87%)

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.
05/06/19
JEFF
05/06/19
NO CHANGE
Target $216
JEFF
Buy
Raytheon price target raised to $216 from $202 at Jefferies
Jefferies analyst Sheila Kahyaoglu raised her price target for Raytheon to $216 from $202 after meeting with Chairman and CEO, Tom Kenned. Raytheon continues to offer "top tier" growth and margins relative to peers, Kahyaoglu tells investors in a research note. She keeps a Buy rating on the shares.

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