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NOC

Northrop Grumman

$212.48

-0.35 (-0.16%)

16:28
10/05/16
10/05
16:28
10/05/16
16:28

Northrop Grumman initiated with an Outperform at Baird

Baird analyst Peter.Arment initiated Northrop Grumman with an Outperform and a $260 price target.

  • 26

    Oct

  • 17

    Nov

NOC Northrop Grumman
$212.48

-0.35 (-0.16%)

05/19/16
05/19/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. L Brands (LB) downgraded to Neutral from Outperform at Baird and downgraded to Neutral from Buy at MKM Partners. Baird's analyst said near-term visibility has been greatly reduced amid the sales slowdowns on multiple fronts, while MKM Partners' Roxanne Meyer said decelerating comps and the change in leadership in lingerie signal that execution issues may continue. 2. Piper Jaffray analyst Stephanie Wissink downgraded Regis (RGS) Corporation to Underweight and lowered her price target for the shares to $8 from $13. The Department of Labor's overtime rule change, that will raise the minimum threshold for overtime eligibility from $23,660 to $47,500, could cost Regis $81M on a full year basis, Wissink tells investors in a research note. She lowered her estimates for the company "meaningfully." 3. BofA Merrill Lynch downgraded RLJ Lodging Trust (RLJ) two notches, to Underperform from Buy, and lowered its price target to $18 from $23. Analyst Shaun Kelley is concerned about RLJ's overexposure to Houston, New York City, Denver, and Chicago markets and thinks the loss of veteran CEO Tom Baltimore will take time to replace. The firm also downgraded Hyatt (H), Hersha Hospitality (HT) and Hilton (HLT), all to Neutral from Buy, this morning. 4. Goldman Sachs analyst Ryan Nash double downgraded BankUnited (BKU) to Sell from Buy and lowered his price target for the shares to $34 from $40. The analyst is concerned that consensus estimates for 2016 and 2017 are too high. 5. RBC Capital downgraded Lockheed Martin (LMT) to Sector Perform from Outperform, noting that the stock's valuation has reached a ten year high. RBC Capital also downgraded Northrop Grumman (NOC) to Sector Perform from Outperform, also citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/31/16
BOFA
05/31/16
NO CHANGE
Target $240
BOFA
Northrop Grumman price target raised to $240 from $210 at BofA/Merrill
08/25/16
JPMS
08/25/16
DOWNGRADE
JPMS
Neutral
Northrop Grumman downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Seth Seifman downgraded Northrop to Neutral and raised its price target to $231 from $225. The analyst recommends taking profits on shares and said cash flow estimates are below consensus due to capex projections.
08/25/16
08/25/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Northrop Grumman (NOC) downgraded to Neutral from Overweight at JPMorgan with analyst Seth Seifman saying he recommends taking profits on shares and said cash flow estimates are below consensus due to capex projections. 2. Sprint (S) downgraded to Underperform from Neutral at Buckingham with analyst James Ratcliffe saying shares are more than pricing in continued improvement in subscriber and ARPU performance, along with capex at or below industry norms at current levels. 3. DHT Holdings (DHT) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Fotis Giannakoulis saying he expects crude tanker demand to lag fleet supply in 2017-2018 and sees potential pressure on the dividend. 4. Workday (WDAY) downgraded to Equal-Weight from Overweight at First Analysis with analyst Corey Greendale saying the company's second quarter results beat expectations but lowered its rating due to valuation. 5. Infinera (INFN) downgraded to Sell from Neutral at Citi with analyst Stanley Kovler saying he expects additional margin pressure from Research and Development spending and its "aggressive" pursuit of Metro deals translating into "yet another leg down" in the company's earnings. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

FSLR

First Solar

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0.32 (0.66%)

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FSLR

First Solar

$48.86

0.32 (0.66%)

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AA

Alcoa

$47.30

1.1 (2.38%)

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GM

General Motors

$38.99

0.29 (0.75%)

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GM and striking workers union Unifor in informal talks, Automotive News says »

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ADP

ADP

$107.48

0.93 (0.87%)

12:21
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Ackman says ADP CEO's stake lot more levered than Pershing's »

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ADP

ADP

$107.48

0.93 (0.87%)

12:20
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Hot Stocks
Ackman says ADP stock options owned are 'very deep in the money' »

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CSIQ

Canadian Solar

$16.71

-0.09 (-0.54%)

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Aggressive put buying in Canadian Solar »

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ADP

ADP

$107.48

0.93 (0.87%)

12:18
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ADP board has no shareholder orientation, Ackman says »

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$NSD

NASDAQ Market Internals

12:17
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Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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BBRY

BlackBerry

$9.14

-0.12 (-1.30%)

, DLPH

Delphi

$100.97

0.07 (0.07%)

12:16
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Periodicals
Delphi picks BlackBerry's QNX OS for self-driving platform, CNet reports »

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BBRY

BlackBerry

$9.14

-0.12 (-1.30%)

DLPH

Delphi

$100.97

0.07 (0.07%)

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  • 28

    Sep

$NYE

NYSE Market Internals

12:16
09/20/17
09/20
12:16
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Technical Analysis
NYSE market internals summary »

Volume is below average…

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ADP

ADP

$107.48

0.93 (0.87%)

12:15
09/20/17
09/20
12:15
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12:15
Hot Stocks
Ackman says can work with ADP CEO after 'spoiled brat' comment »

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12:15
09/20/17
09/20
12:15
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General news
FOMC balance sheet »

FOMC balance sheet: the…

ADP

ADP

$107.48

0.93 (0.87%)

12:14
09/20/17
09/20
12:14
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12:14
Hot Stocks
Ackman says ADP margin opportunity closer to 1,200 basis points »

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CMG

Chipotle

$309.39

5.98 (1.97%)

12:12
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09/20
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Hot Stocks
Ackman says Chipotle management doing 'all the right things' »

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ADP

ADP

$107.48

0.93 (0.87%)

12:11
09/20/17
09/20
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ADP does not want shares held by Pershing supporters, Ackman says »

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GOOG

Alphabet

$921.81

6.81 (0.74%)

, GOOGL

Alphabet Class A

$936.86

7.11 (0.76%)

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Periodicals
Google nears deal to buy assets from HTC, Bloomberg reports »

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GOOG

Alphabet

$921.81

6.81 (0.74%)

GOOGL

Alphabet Class A

$936.86

7.11 (0.76%)

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  • 22

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HMNY

Helios and Matheson

$5.70

2.22 (63.79%)

12:10
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Periodicals
Helios and Matheson mentioned cautiously by TheStreetSweeper 

Reference Link

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ADP

ADP

$107.48

0.93 (0.87%)

, PAYX

Paychex

$58.07

-0.01 (-0.02%)

12:09
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Ackman says 80% of ADP's issue is margins not at Paychex level »

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ADP

ADP

$107.48

0.93 (0.87%)

PAYX

Paychex

$58.07

-0.01 (-0.02%)

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  • 30

    Oct

ADP

ADP

$107.48

0.93 (0.87%)

12:08
09/20/17
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12:08
Hot Stocks
Ackman says ADP products are not easy enough to use »

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ADP

ADP

$107.48

0.93 (0.87%)

12:06
09/20/17
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12:06
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12:06
Hot Stocks
Ackman says ADP overstates total shareholder returns under CEO »

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LUXTY

Luxottica

$57.52

0.06 (0.10%)

, ESLOY

Essilor

$63.35

-0.06 (-0.09%)

12:06
09/20/17
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12:06
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Downgrade
Luxottica, Essilor rating change  »

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LUXTY

Luxottica

$57.52

0.06 (0.10%)

ESLOY

Essilor

$63.35

-0.06 (-0.09%)

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PSEC

Prospect Capital

$6.72

0.07 (1.05%)

12:05
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12:05
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Options
Prospect Capital call volume above normal and directionally bullish »

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ADP

ADP

$107.48

0.93 (0.87%)

12:01
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Hot Stocks
Bill Ackman says ADP has 'massively underperformed potential' »

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