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Northrop Is Downgraded. Defense to Get ‘Left Behind’ in Better Macro Environment, Analyst Says.

Por: MarketWatch Business October 14, 2022

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“The defense backdrop is highly favorable in absolute terms, with budgets rising for the U.S. and allies in a tense geopolitical environment; in relative terms, the treacherous macro environment helps too,” Seifman wrote. “That said, we expect defense to get left behind rather quickly whenever the market gets more optimistic on the macro front.” This doesn’t mean Steifman doesn’t like Northrop. In fact, he wrote that the company has... + full article



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