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Paul Price
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Dr. Price writes about stocks, options and the market every weekday on Real Money Pro, a subscription site Paul has been a speaker at the International Traders Expo in New York City and the Options and Forex Expo in Las Vegas. He also gives investment seminars for subscribers... More
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  • Zacks is Bullish on Raytheon (RTN) 0 comments
    Jul 29, 2009 7:54 AM | about stocks: 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
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