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UTX - Raytheon raised at Credit Suisse ahead of United Tech aerospace deal
Raytheon Technologies
Raytheon (RTN+0.6%) edges higher after Credit Suisse upgrades shares to Outperform from Neutral with a $230 price target, lifted from $188, as analyst Robert Spingarn believes United Technologies' (UTX+0.3%) aerospace businesses are undervalued and that the market has yet to appropriately discount RTN's 43% ownership of the proposed combined entity.
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