Alembic Global Downgrades Northrop Grumman to Neutral, Announces $560 Price Target
Portfolio Pulse from Benzinga Newsdesk
Alembic Global analyst Peter Skibitski has downgraded Northrop Grumman from Overweight to Neutral, setting a price target of $560.
August 27, 2024 | 11:35 am
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Alembic Global has downgraded Northrop Grumman from Overweight to Neutral, with a new price target of $560. This downgrade may influence investor sentiment and impact the stock price in the short term.
The downgrade from Overweight to Neutral by Alembic Global suggests a less bullish outlook on Northrop Grumman, which could lead to a decrease in investor confidence and a potential short-term decline in the stock price. The new price target of $560 provides a specific valuation benchmark that may influence trading behavior.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100