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NOC

Northrop Grumman

$256.05

-1.73 (-0.67%)

08:07
01/14/19
01/14
08:07
01/14/19
08:07

Northrop Grumman upgraded to Outperform on valuation at Credit Suisse

As previously reported, Credit Suisse analyst Robert Spingarn upgraded Northrop Grumman to Outperform from Neutral, while lowering his price target on the shares to $302 from $311. The analyst notes that the market was not kind to Northrop Grumman in 2018, with the stock trading down about 21% for the year and about 32% off its high in April. While some of this weakness was endemic to its own circumstances, the analyst thinks it is more broadly a reflection of lofty expectations for future budgets and correspondingly elevated ex-pension valuations seen for both Northrop Grumman and across the defense hardware space this past spring. At this point, however, the selloff has created an attractive opening, he contends.

  • 31

    Jan

NOC Northrop Grumman
$256.05

-1.73 (-0.67%)

01/10/19
SUSQ
01/10/19
INITIATION
Target $273
SUSQ
Neutral
Northrop Grumman initiated with a Neutral at Susquehanna
Susquehanna analyst Charles Minervino initiated Northrop Grumman with a Neutral as he believes the favorable political climate for defense spending, coupled with a technology portfolio that covers security from undersea to outer space, positions it for secular demand trends in the defense sector. However, he sees less upside potential relative to other stocks within the space. Minervino has a $273 price target on Northrop Grumman shares.
01/10/19
01/10/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Ship Finance (SFL) initiated with a Neutral at B. Riley FBR. 2. Wipro (WIT) initiated with a Hold at Deutsche Bank. 3. Boeing (BA), Lockheed Martin (LMT), and Raytheon (RTN) were initiated with a Positive at Susquehanna while Northrop Grumman (NOC) and General Dynamics (GD) were initiated with a Neutral. 4. Dollar General (DG) initiated with an Outperform at BMO Capital while Dollar Tree (DLTR) was initiated with a Market Perform. 5. Verint (VRNT) initiated with a Buy at Jefferies. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/14/19
FBCO
01/14/19
UPGRADE
FBCO
Outperform
Northrop Grumman upgraded to Outperform from Neutral at Credit Suisse
01/14/19
FBCO
01/14/19
UPGRADE
FBCO
Outperform
Northrop Grumman upgraded to Outperform from Neutral at Credit Suisse

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FDC

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  • 03

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VEON

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$2.56

-0.03 (-1.16%)

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AMZN

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GS

Goldman Sachs

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BAC

Bank of America

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NEWR

New Relic

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TME

Tencent Music

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ASCMA

Ascent Capital

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CMS

CMS Energy

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  • 10

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DTE

DTE Energy

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