Cowen analyst Cai von Rumohr Called Raytheon Technologies a Best Idea for 2023 as he believes investors don’t fully appreciate the likely aftermarket recovery in 2023 or defense lift in 2024-25. He said the company has the highest estimated adjusted EPS growth of the A&D big caps. von Rumohr Reiterated his Outperform rating and $120 price target on Raytheon Technologies shares.
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