Sterne Agee Reiterates on Raytheon Company Following Solid 3Q13 Results

In a report published Thursday, Sterne Agee analyst Peter Arment reiterated a Neutral rating on Raytheon Company (NYSE: RTN).

In the report, Sterne Agee noted, “Solid 3Q13 results driven by better than expected operational improvements and capital deployment strategies offset a declining top line. Bookings were slightly below 1.0x likely given the budget environment and international delays. No real surprises as expected from the 3Q13 result, RTN continues to keep it simple by performing above expectations.”

Raytheon Company closed on Wednesday at $78.49.