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Drexel Hamilton upgrades Raytheon (RTN) to Hold from Sell with $45 price target. The company...

Drexel Hamilton upgrades Raytheon (RTN) to Hold from Sell with $45 price target. The company announced plans to cut 200 jobs and streamline its businesses yesterday for total annual cost savings of $85M. 
Comments (3)
  • Chris Zocca
    , contributor
    Comments (259) | Send Message
     
    A target price of $45 for RTN is approx. 20% below yesterday's closing price of $56.76. Either the $45 target price is a typo or Drexel Hamilton has an unusual definition of what constitutes an upgrade to hold.
    26 Mar 2013, 09:34 AM Reply Like
  • Butchmass
    , contributor
    Comments (2) | Send Message
     
    Can't believe they have not corrected the target price as yet. Doesn't anyone proof read releases from the company?
    26 Mar 2013, 10:50 AM Reply Like
  • Jagahatshi08
    , contributor
    Comments (33) | Send Message
     
    Maybe it was supposed to be $55, or $65 even?
    26 Mar 2013, 12:21 PM Reply Like
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