Analyst Moves for December 5: What They Mean for Mutual Fund Investors (GOOGL, NOC)

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Analyst Moves for December 5: What They Mean for Mutual Fund Investors (GOOGL, NOC)

Google company logo
On Friday morning, there were several big-name analyst moves that were announced. Below are the two most important analyst moves for mutual fund investors.

BofA/Merrill Lynch Downgrades Google

Analysts at Merrill Lynch downgraded internet-juggernaut Google (GOOGL) from a “Buy” to a “Neutral” rating, also lowering its price target from $600 to $580 a share. The firm cited a lack of product catalysts and increased regulatory risk as some of the reasons behind the downgrade.

GOOGL is down 5.11% YTD.

Mutual Funds to Watch

For investors seeking exposure to Google, a mutual fund could be a good alternative to investing directly in the stock. Below are the three mutual funds that currently have the largest stakes in GOOGL.

Goldman Sachs Upgrades Northrop Grumman

Analysts at Goldman Sachs upgraded defense-contractor Northrop Grumman (NOC) to their “Conviction Buy” list, also raising their price target from $163 to $165 a share. The firm cited that the company’s position as the Pentagon’s largest subcontractor and development of its Joint Strike Fighter program as some of the reasons behind the upgrade.

Northrop Grumman also stole the headlines on Friday morning after its board authorized the repurchase of an additional $3 billion worth of stock, sending shares upwards of 5.5% on the day.

NOC is up 29.05% YTD.

Mutual Funds to Watch

For investors seeking exposure to NOC, a mutual fund investment could be a good alternative. Below are three mutual funds that have the largest stakes in NOC.


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Why 30 trillion is invested in mutual funds book

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Find out why $30 trillon is invested in mutual funds.

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Google company logo

Analyst Moves for December 5: What They Mean for Mutual Fund Investors (GOOGL, NOC)

On Friday morning, there were several big-name analyst moves that were announced. Below are the two most important analyst moves for mutual fund investors.

BofA/Merrill Lynch Downgrades Google

Analysts at Merrill Lynch downgraded internet-juggernaut Google (GOOGL) from a “Buy” to a “Neutral” rating, also lowering its price target from $600 to $580 a share. The firm cited a lack of product catalysts and increased regulatory risk as some of the reasons behind the downgrade.

GOOGL is down 5.11% YTD.

Mutual Funds to Watch

For investors seeking exposure to Google, a mutual fund could be a good alternative to investing directly in the stock. Below are the three mutual funds that currently have the largest stakes in GOOGL.

Goldman Sachs Upgrades Northrop Grumman

Analysts at Goldman Sachs upgraded defense-contractor Northrop Grumman (NOC) to their “Conviction Buy” list, also raising their price target from $163 to $165 a share. The firm cited that the company’s position as the Pentagon’s largest subcontractor and development of its Joint Strike Fighter program as some of the reasons behind the upgrade.

Northrop Grumman also stole the headlines on Friday morning after its board authorized the repurchase of an additional $3 billion worth of stock, sending shares upwards of 5.5% on the day.

NOC is up 29.05% YTD.

Mutual Funds to Watch

For investors seeking exposure to NOC, a mutual fund investment could be a good alternative. Below are three mutual funds that have the largest stakes in NOC.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next