As the calendar turns to December, investors are thinking about stocks for 2023. Brokerage firm
Cowen
likes
Raytheon Technologies
shares for the new year, calling it a “best idea” and a top aerospace and defense growth story.
Analyst Cai von Rumohr believes commercial aerospace aftermarket sales will speed up in 2023 as air travel demand continues to recover from Covid-induced weakness. What’s more, he sees defense spending accelerating in 2024 and 2025—which will help top-line revenue as well.
Source: https://www.barrons.com/articles/raytheon-stock-best-idea-engine-pratt-whitney-51669641732?siteid=yhoof2&yptr=yahoo