Argus Downgrades Orbital-ATK (OA) to Hold

August 23, 2016 8:13 AM EDT
Get Alerts OA Hot Sheet
Price: $88.83 +1.73%

Rating Summary:
    10 Buy, 1 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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Argus downgraded Orbital-ATK (NYSE: OA) from Buy to Hold after the company announced an upcoming earnings restatement that raises uncertainty over the quality of future earnings.

The firm thinks the shares will remain under pressure for several quarters, or at least until cash flow improves.

For an analyst ratings summary and ratings history on Orbital-ATK click here. For more ratings news on Orbital-ATK click here.

Shares of Orbital-ATK closed at $74.48 yesterday.

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