Credit Suisse analyst Scott Deuschle lowered the firm’s price target on Northrop Grumman to $500 from $540 and keeps an Outperform rating on the shares. Northrop Grumman reported a Q4 beat on sales and EPS, but free cash flow was below consensus and guidance for 2023 was mixed, the analyst tells investors in a research note.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on NOC:
- Northrop Grumman Receives Analyst Downgrade, Shares Slide
- Northrop Grumman says ‘performing exceptionally well’ on B-21 program
- Northrop Grumman says entering 2023 with strong backlog of $79B
- Northrop Grumman provides 2023 sector guidance
- Northrop Grumman Releases Fourth Quarter and Full-Year 2022 Financial Results
