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Stock Market & Financial Investment News

News Breaks
August 18, 2014
11:10 EDTRTNRaytheon eBorders ruling a positive for shares, says Wells Fargo
Wells Fargo views the eBorders contract ruling in favor of Raytheon as a positive for the stock. Wells notes there could still be an additional interest payable to Raytheon that will be ruled at a later date. It keeps an Outperform rating on the stock.
News For RTN From The Last 14 Days
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November 24, 2014
17:28 EDTRTNFLIR Systems announces favorable verdict in litigation matter
FLIR Systems (FLIR) announced that the company and its subsidiary, Indigo Systems, now known as FLIR Commercial Systems, have received a favorable verdict in a previously disclosed lawsuit filed by Raytheon (RTN). A jury in the United States District Court for the Eastern District of Texas rejected Raytheon's allegations that Indigo, prior to its acquisition by FLIR in 2004, and FLIR misappropriated 31 trade secrets owned by Raytheon. The jury determined that 27 of the 31 alleged trade secrets were not in fact Raytheon trade secrets and that neither FLIR nor Indigo misappropriated any of 31 trade secrets that were claimed. No damages were awarded against FLIR and Indigo. The court will decide whether or not to award FLIR and Indigo their attorney's fees as the prevailing parties under the Texas Theft Liability Act.
09:19 EDTRTNDefense Secretary Hagel said to be stepping down, NY Times reports
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November 14, 2014
10:00 EDTRTNOn The Fly: Analyst Upgrade Summary
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07:47 EDTRTNRaytheon upgraded to Outperform at Cowen
As reported previously, Cowen upgraded Raytheon to Outperform from Market Perform based on U.S. share gains, foreign sales reorganization, and improved visibility. The firm raised its price target on the stock to $120 from $105.
06:09 EDTRTNRaytheon upgraded to Outperform from Market Perform at Cowen
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