RTX Corporation (RTX)

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"Raytheon Receives Buy Rating From UBS on Strong Defense Cash Flow"

"Raytheon Technologies received a buy rating from a UBS analyst, who launched coverage of the aerospace giant saying the company's defense business cash flow "should provide a solid fortress of cash flow" in light of uncertainty caused by the coronavirus pandemic. Raytheon Technologies, the company created by the merger of Raytheon and United Technologies, began trading last week. Analyst Myles Walton, who set a price target of $81 a share, said in a note to investors that he expects "a sharp drop in commercial aftermarket and OEM (original equipment manufacturer) sales in 2020 with lingering declines in 2021 before a likely robust recovery."

https://www.thestreet.com/investing/raytheon-buy-rating-strong-defense-cash-flow