TD Cowen lowered the firm’s price target on Northrop Grumman to $440 from $478 and keeps a Market Perform rating on the shares. The firm said despite Q4’s B-21 charge, the company remains the defense big cap growth leader with 2024-25 prospects mostly intact and moderated B-21 risk.
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Read More on NOC:
- Northrop Grumman takes B-21 charge of $1.17B
- Northrop Grumman sees FY24 MTM-adjusted EPS $24.45-$24.85, consensus $24.23
- Northrop Grumman reports Q4 adjusted EPS ($1.45), consensus $5.80
- Northrop Grumman Releases Fourth Quarter and Full-Year 2023 Financial Results
- Notable companies reporting before tomorrow’s open
