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Zacks is Bullish on Raytheon (RTN)

|Includes:Raytheon Company (RTN)

Bull of the Day:

Raytheon Company (RTN - Analyst Report) offers investors strong order bookings and order backlog, an improving balance sheet, growing cash flow, operational improvements and an above-industry average ROE.

Going forward, growth will be driven by focus on ISR unmanned systems, training, cyber security, Standard Missile-3, Patriot, Zumwalt and THAAD. Accordingly, we note a bias towards outperformance and maintain our BUY recommendation on RTN common stock with a six-month target price of $49.25.

Price appreciation to our near-term valuation target, coupled with the recently increased $0.31 per share quarterly cash dividend -- which we deem to be sustainable and secure -- represents annualized total return potential of 20.7%.

Stocks: RTN