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RBC downgrades Northrop Grunman (NOC -0.8% to $67.25) to "underperform" from "sector perform"...

RBC downgrades Northrop Grunman (NOC -0.8% to $67.25) to "underperform" from "sector perform" and gives it a price target of $68, citing uncertainty in Northrop's key DoD end markets and further spending cuts.
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  • Khyber Pass
    , contributor
    Comments (290) | Send Message
     
    Republicans take over the whole federal government, there won't be any more spending cuts in "defense" (actually, to be accurate, I think it should be called "War"). They will fuel up the spending on war machinery and other favorite areas of "government." The cuts will be in areas that make life bearable for the hoi polloi. Food stamps, roads and bridges, medical needs, disaster relief, etc.....So I will bet on "defense' rollin' on down the road, crushing all other needs.......
    23 Aug 2012, 02:00 PM Reply Like
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