BTIG lowered the firm’s price target on Northrop Grumman (NOC) to $575 from $600 and keeps a Buy rating on the shares after its Q1 results. The company’s B-21 LRIP loss provision had put a damper on earnings, and while improved production capabilities are a good thing, it is more common that the Air Force procures fewer aircraft than expected, the analyst tells investors in a research note.
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Read More on NOC:
- Northrop Grumman price target lowered to $525 from $547 at Wells Fargo
- Northrop Grumman price target lowered to $550 from $575 at RBC Capital
- Northrop Grumman price target lowered to $571 from $583 at UBS
- Northrop Grumman price target lowered to $550 from $600 at Truist
- Northrop Grumman price target lowered to $540 from $557 at Susquehanna
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