Raytheon Stock Named a ‘Best Idea’ for 2023

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.