UTX - Is Raytheon Stock a Buy?
It's remarkable how events can change the narrative around a stock. Just a couple of short months ago Raytheon (NYSE: RTN) investors were looking forward to an exciting future with merger partner United Technologies (NYSE: UTX), or specifically, the aerospace business of UTX, Pratt & Whitney and Collins Aerospace.
The deal made perfect sense and the valuation looked attractive -- even using management's conservative looking guidance. However, with the advent of the COVID-19 pandemic, the whole investment outlook may have changed. Here's why, plus what you need to know before buying Raytheon stock.
Raytheon needs the commercial aerospace market to be strong. Image source: Getty Images.