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Low Expenses and Tax Rates Drive EPS Beat for Northrop Grumman (NOC); RBC Capital Raises Price Target to $206
October 29, 2015 7:23 AM EDTRBC Capital reiterated an Outperform rating on Northrop Grumman (NYSE: NOC), and raised the price target to $206.00 (from $189.00), following the company's 3Q15 earnings results. Northrop Grumman reported 3Q15 EPS of $2.75, well ahead of consensus at $2.19. Guidance was only modestly increased, with EPS going from... More
