Goldman Sachs lowers rating on Northrop Grumman, citing bid
Goldman Sachs has lowered its rating on Northrop Grumman from "outperform" to "market perform." The downgrading was a result of "potential dilution and distraction over a bid for Newport News Shipbuilding, Inc., analyst Howard Ruben said in a report. A Northrop Grumman deal with Newport News "may...
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