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

Susquehanna analyst Charles Minervino raised Northrop Grumman Corp's 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 Content: Northrop 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.

Analyst Calendar