Long
RTN - My $240 Price Target
With price nearing ATH, Raytheon's merger with UTX should drive the stock higher this year. Although my price target is only 10% above the current price, I will hold as long as the yellow ascending trend line holds. RTN has a very stable dividend of 1.68% and still has growth prospects which makes this stock a double-whammy win.
If you have questions please feel free to PM me or use the comment section below! Like and follow for more ideas, and updates to older ones!
If you have questions please feel free to PM me or use the comment section below! Like and follow for more ideas, and updates to older ones!
Note
*the price is 10% above my entry price and only 5.5% above the current price :)
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.