President Trump criticized Raytheon (RTX) for being unresponsive to Pentagon needs and threatened to terminate government contracts. Despite this, RTX shares have risen 65% from their 52-week low. Trump’s comments raise concerns about RTX’s revenue stream and reputation, creating downside pressure on the stock. Raytheon is trading at a high P/E ratio and is expected to see an earnings decline. Wall Street analysts are not very optimistic about RTX stock, with a mean target indicating only 5% potential upside. Overall, there are better options in the defense and aerospace market than RTX.

Read more at Barchart.: Trump Just Called Out Raytheon but RTX Stock Is Holding Steady. How Should You Play the Defense Giant Here?