RBC likes defense stocks

|About: Raytheon Company (RTN)|By:, SA News Editor

RBC initiates coverage on a number of defense stocks:

Raytheon (NYSE:RTN) rated New Outperform. PT $180, implies 23.1% upside from last close.

Lockheed (NYSE:LMT) rated New Sector Perform. PT $265, implies 3.9% upside from last close.

General Dynamics (NYSE:GD) rated New Outperform. PT $206, implies 16.3% upside from last close.

Northrop Grumman (NYSE:NOC) rated New Outperform. PT $268, implies 15.7% upside from last close.

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