NEW YORK, May 31 (Reuters) - JSA Research analyst Rick Whittington put sell recommendations on a handful of defense stocks saying that further stock declines could be ahead as the military cuts spending, according to Barron's.
Among companies that Whittington slapped sell recommendations on are L-3 Communications Holdings, Lockheed Martin, Northrop Grumman and Raytheon , Barron's reported.
According to Barron's, the companies declined to comment on the analyst ratings. Keywords: LOCKHEED (Reporting by Caroline Humer; email Caroline.Humer@Thomson.Reuters.com; +1-646-223-6181) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Among companies that Whittington slapped sell recommendations on are L-3 Communications Holdings, Lockheed Martin, Northrop Grumman and Raytheon , Barron's reported.
According to Barron's, the companies declined to comment on the analyst ratings. Keywords: LOCKHEED (Reporting by Caroline Humer; email Caroline.Humer@Thomson.Reuters.com; +1-646-223-6181) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.