Susquehanna analyst Charles Minervino lowered the firm’s price target on Northrop Grumman (NOC) to $557 from $625 and keeps a Positive rating on the shares. The firm believes the Boeing (BA) resolution of the IAM work stoppage and subsequent restart of 737, 767, and 777 production are important catalysts for the Commercial Aerospace industry broadly as it prepares for 2025 and they think the steadily building production will be a positive catalyst for Boeing and many of its suppliers.
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Read More on NOC:
- Wells Fargo upgrades Northrop Grumman to Overweight, raises price target to $595
- Northrop Grumman upgraded to Overweight from Equal Weight at Wells Fargo
- Northrop Grumman price target lowered to $510 from $550 at Jefferies
- Northrop Grumman price target lowered to $500 from $550 at Barclays
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