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BidaskClub upgraded Raytheon Company (NYSE:RTN) to Buy in a report released today.

BidaskClub has upgraded Raytheon Company (NYSE:RTN) to Buy in a report released on 6/17/2017.

Previously on 6/01/2017, Vetr Inc. reported about Raytheon Company (NYSE:RTN) raised the target price from $0.00 to $170.66. At the time, this indicated a possible upside of 0.04%.

Yesterday Raytheon Company (NYSE:RTN) traded -0.19% lower at $162.56. The company’s 50-day moving average is $179.06 and its 200-day moving average is $164.34. The last stock close price is down 12.38% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 1,187,106 shares of the stock were exchanged, down from an average trading volume of 1,305,410

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Raytheon Company (NYSE:RTN)

Raytheon Company has a 52 week low of $132.89 and a 52 week high of $186.41 with a P/E ratio of 25.51 The company’s market cap is currently $0.

In addition to BidaskClub reporting its target price, a total of 17 firms have reported on the stock. The consensus target price is $141.47 with 10 firms rating the stock a strong buy, 6 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Raytheon Company (NYSE:RTN)

Raytheon Company is a technology company, which specializes in defense and other government markets. The Company develops integrated products, services and solutions in various markets, including sensing; effects; command, control, communications, computers, cyber and intelligence; mission support, and cybersecurity. The Company operates through five segments: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS), and Forcepoint. The IDS segment develops and produces sensors and mission systems. The IIS segment provides a range of technical and professional services to intelligence, defense, federal and commercial customers. The MS segment is a developer, integrator and producer of missile and combat systems. The SAS segment is engaged in the design, development and manufacture of integrated sensor and communication systems for missions. The Forcepoint segment develops cybersecurity products.

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