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Raytheon Company (RTN) is the one of the largest aerospace and defense companies in the U.S., with a well-diversified line of military products, including missiles, radars, sensors, surveillance and reconnaissance equipment, communication and information systems, naval systems, air traffic control systems, and technical services.
Raytheon offers investors strong order bookings and order backlog, double-digit organic growth, an improving balance sheet, growing cash flow, operational improvements, lower pension expense and above industry average ROE [return on equity].
Going forward, however, concerns about long-term growth of defense spending in the face of continuing budget deficits and risks related to the company s program execution remain significant risks. Accordingly, we note a bias to outperformance and maintain our BUY recommendation on RTN common stock with a six-month target price of $53.50.
Read the full analyst report on RTN
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