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Fly News Breaks for March 11, 2015
RTN
Mar 11, 2015 | 06:20 EDT
After spending time with management, Citigroup believes investor concerns regarding Raytheon are overblown. Citi believes the concerns center around lagging sales, margin pressure and cash deployment. The firm expects Raytheon's valuation gap to peers should close as the company announces "solid" earnings reports. It keeps a Buy rating on the stock with a $115 price target.
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