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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100