Goldman Sachs Double Downgrades Northrop Grumman (NOC) to Sell

Goldman Sachs analyst Noah Poponak downgraded Northrop Grumman (NYSE: NOC) from Buy to Sell with a price target of $337.00.

The analyst comments "We downgrade Northrop Grumman (NOC) to Sell from Buy. In the medium-term, organic revenue growth is slower than the industry, margins are compressing, and free cash has less growth; all of which we think are below current market expectations with the stock trading at 22X CY21 pension-adjusted P/E post a 70% move higher off the December 2018 lows."

For an analyst ratings summary and ratings history on Northrop Grumman click here. For more ratings news on Northrop Grumman click here.

Shares of Northrop Grumman closed at $374.57 yesterday.

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