Lockheed Martin's quarterly profit handily beats estimates
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Moody's Rates United Technologies (UTX) Latest Debt Offering at 'A3'; Outlook is Stable
October 27, 2016 11:57 AM EDTMoody's Investors Service assigned A3 ratings to the proposed new debt issuance by United Technologies Corporation (NYSE: UTX), including senior unsecured notes aggregating an expected $4 billion in face value at varying maturities. All existing ratings for the company remain unchanged, including the P-2 commercial paper rating, as outlined below. The rating outlook is stable.
"Although net proceeds will partially support the refinancing of near-to-medium term debt maturities, a portion will be used to term out commecial paper borrowings related to already completed share buybacks," according to Russell Solomon, Senior Vice President and Moody's lead analyst... More
Jefferies Raises Price Target on Northrop Grumman (NOC) Following 3Q Beat
October 27, 2016 9:45 AM EDTJefferies reiterated a Buy rating on Northrop Grumman (NYSE: NOC), and raised the price target to $260.00 (from $250.00), following the company's 3Q earnings report. NOC reported EPS of $3.35, 20c ahead of expectations. Management increased 2016 EPS guidance to be in the range of $11.55-$11.75 up from $10.75-... More
