Android app on Google Play

Goldman Sachs Upgrades Northrop Grumman (NOC) to Buy

May 30, 2013 7:23 AM EDT Send to a Friend
Get Alerts NOC Hot Sheet
Price: $118.70 -2.43%

Rating Summary:
    3 Buy, 12 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 23 | Down: 10 | New: 7
Trade NOC Now!
Join SI Premium – FREE
Goldman Sachs upgraded Northrop Grumman (NYSE: NOC) from Neutral to Buy with a price target of $95.00.

The firm cited three key drivers:

(1) Transitioned itself from the prime with the lowest margins and returns and with major execution challenges to a consistent performer with above-average margins
and returns and arguably the most shareholder-friendly Defense prime.

(2) NOC deploys its significant free cash flow generation

(3) We see upside to consensus earnings expectations for NOC, particularly over the remaining quarters of 2013.

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 $81.87 yesterday.




You May Also Be Interested In


Related Categories

Upgrades

Related Entities

Goldman Sachs, Earnings

Add Your Comment