Market News

Northrop Grumman Receives Analyst Downgrade, Shares Slide

Shares of Northrop Grumman (NYSE:NOC) are down today, which can be attributed to an analyst downgrade. Cai von Rumohr of Cowen & Co. changed his rating from Buy to Hold while assigning a price target of $478 per share. For reference, his previous price target was $500.

Cai von Rumohr is concerned about Northrop Grumman’s development of its B-21 Raider stealth bomber. Management said it’s possible that it can lose $1.2 billion over the next five years on its development.

Overall, Wall Street analysts have a consensus price target of $514.71 on NOC stock, implying over 17% upside potential, as indicated by the graphic above.

Disclosure

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More