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Benzinga
Benzinga
Business
Akanksha Bakshi

Here's How Analysts Reacted To Northrop Grumman's Q4 Results

  • Susquehanna analyst Charles Minervino raised Northrop Grumman Corp's (NYSE:NOC) price target to $437 (an upside of 15.8%) from $416 and maintained a Positive rating on the shares.
  • The analyst mentions that program timing, pension, and tax charges continue to pose short-term hurdles that will pass in due time. 
  • Minervino remains positive rating on the shares given the company's favorable portfolio relative to U.S. defense priorities and its shareholder-friendly capital return policy of returning most of its FCF through dividends and buybacks.
  • Morgan Stanley analyst Kristine Liwag maintained Northrop Grumman with an Overweight and lowered the price target to $428 (13% upside) from $440.
  • Related ContentNorthrop Grumman Stock Slips After Q4 Revenue Miss, Moderate FY22 Outlook; Boosts Buyback
  • Price Action: NOC shares traded higher by 0.91% at $377.41 on the last check Friday.
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