Northrop Grumman
shares had been declining Friday soon after an analyst at J.P. Morgan downgraded the stock, citing issues around valuation and the future of defense shares.
J.P. Morgan analyst Seth Seifman downgraded shares of Northrop (ticker: NOC) to Neutral from Overweight and gave the inventory a 12-month value goal of $490. Seifman explained in a investigate take note that ideal now the present-day macro environment tends to make the protection industry “highly favorable,” but that might not last permanently.
Northrop Grumman
shares had been declining Friday soon after an analyst at J.P. Morgan downgraded the stock, citing issues around valuation and the future of defense shares.
J.P. Morgan analyst Seth Seifman downgraded shares of Northrop (ticker: NOC) to Neutral from Overweight and gave the inventory a 12-month value goal of $490. Seifman explained in a investigate take note that ideal now the present-day macro environment tends to make the protection industry “highly favorable,” but that might not last permanently.
