Cowen analyst Cai von Rumohr maintained a Market Perform rating on Northrop Grumman but cut his price target to $300 from $350. In a research note to investors, the analyst says Northrop Grumman appears poised for a "healthy" Q4 and "solid" outyear gains, but believes the 2019 revenue and cash flow consensus looks "aggressive." The analyst says he is "cautious" into 2019 guidance given the company's slightly above average 13.8x TEV/EBITDAP.
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here