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Zacks Investment Research downgraded Raytheon Company (NYSE:RTN) to Hold in a report released today.

Yesterday Raytheon Company (NYSE:RTN) traded 0.64% higher at $163.87. The company’s 50-day moving average is $178.41 and its 200-day moving average is $163.78. The last closing price is up 11.43% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. 1,894,955 shares of the stock traded hands, up from an average trading volume of 1,311,030

Zacks Investment Research has downgraded Raytheon Company (NYSE:RTN) to Hold in a report released on 6/21/2017.

Previously on 06/19/2017, Vetr Inc. reported on Raytheon Company (NYSE:RTN) increased the target price from $0.00 to $170.66. At the time, this indicated a possible upside of 0.04%.

See Chart Below

Raytheon Company (NYSE:RTN)

Raytheon Company has a 52 week low of $132.89 and a 52 week high of $184.17 with a P/E ratio of 25.21 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 17 brokers have issued a research note on the company. The average stock price target is $141.47 with 10 brokers rating the stock a strong buy, 6 brokers rating the stock a buy, 4 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information 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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