3 Defense Companies That I Think Look Attractive At These Levels
By Matt Schilling:As U.S.-based markets moved in a positive manner after housing prices in 19 of 20 major cities increased between April and May, these three defense-oriented companies have caught my caught my eye for various reasons. They have each demonstrated very positive near-term potential, and if they can continue to demonstrate a presence in their specific sector could very well be good long-term plays as well.Raytheon (RTN) - RTN, which trades in a 52-week range of $38.35 (52-week low) and $55.13 (52-week high), closed trading at a $54.21/share on Monday. Shares were flat during trading on Tuesday, as Stifel Nicolaus, noted that the sector had reached a bottom and the second half of the year could be very positive for several names within the industry. That being said, Stifel reiterated its $63/share price target and also thought the company's 3.6% ($2.00) yield was a bit too low. I happen toComplete Story »
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