RBC Capital Downgrades Northrop Grumman to Sector Perform, Lowers Price Target to $450
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Ken Herbert downgraded Northrop Grumman (NYSE:NOC) from Outperform to Sector Perform and reduced the price target from $515 to $450.
January 26, 2024 | 11:01 am
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Northrop Grumman was downgraded by RBC Capital from Outperform to Sector Perform, with a price target cut from $515 to $450.
Analyst downgrades typically lead to a negative short-term reaction in the stock price as they suggest a less optimistic outlook on the company's future performance. The reduction in the price target further emphasizes the analyst's lowered expectations.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100