Wolfe Research Downgrades Northrop Grumman to Underperform, Announces $450 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wolfe Research analyst Myles Walton has downgraded Northrop Grumman (NYSE:NOC) from Peer Perform to Underperform and set a price target of $450.
December 14, 2023 | 10:45 am
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Northrop Grumman was downgraded by Wolfe Research from Peer Perform to Underperform with a new price target of $450.
Downgrades by analysts can lead to a negative perception among investors and potentially cause a short-term decline in the stock's price. The new price target, while not drastically lower, still suggests that the analyst sees limited upside potential for the stock.
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