BofA/Merrill Lynch Downgrades Northrop Grumman (NOC) to Underperform

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BofA/Merrill Lynch downgraded Northrop Grumman (NYSE: NOC) from Neutral to Underperform, price target lowered from $65 to $56.

For an analyst ratings summary and ratings history on Northrop Grumman click here. For more ratings news on Northrop Grumman click here.

Shares of Northrop Grumman closed at $59.25 yesterday, with a 52 week range of $49.20-$72.50.

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Merrill Lynch, Bank of America

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