Northrop Grumman's Flight Path Recalculated: Analyst Trims Forecast, Reiterates Buy

1. Bank of America reiterates Buy rating but lowers price forecast to $550. 2. NOC's Q1 revenue missed estimates, reporting $9.47 billion. 3. Adjusted earnings of $6.06 per share also fell short of expectations. 4. Focus on long-term strategic value may be overlooked due to short-term issues. 5. B-21 bomber funding likely in FY26 President's Budget Request.