RBC Capital Starts Northrop Grumman (NOC) at Outperform
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Jefferies Downgrades Northrop Grumman (NOC) to Hold
January 12, 2017 7:07 AM ESTJefferies downgraded Northrop Grumman (NYSE: NOC) from Buy to Hold with a price target of $243.00 (from $260.00) as they become more selective in defense.
Analyst Howard Rubel commented, "Valuation Appears to Reflect a Continuation of Superior Performance and Strong Market Positions in EW, UAS, and National Security Markets, including the B-21. We project NOC grows revenues 4-5% over the next three years; however, we believe the superior top-line... More
