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.

From other sites
Comments (1)
  • Khyber Pass
    , contributor
    Comments (358) | 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
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs