Raytheon upgraded at Sterne Agee As previously reported, Sterne Agee upgraded Raytheon to Buy from Neutral. The firm upgraded shares based on increased domestic visibility following the budget deal and improving international sales. Price target is $114.
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Raytheon upgrades to Tomahawk pass flight tests Raytheon and the U.S. Navy completed successful back-to-back Tomahawk cruise missile flight tests that validated recent software improvements. The upgrades improve weapon system performance.