Morgan Stanley lowered the firm’s price target on Northrop Grumman (NOC) to $580 from $605 and keeps an Overweight rating on the shares. 2025 presents “key known unknowns,” including the impact of the Department of Government Efficiency on defense and the pace at which Boeing (BA) can ramp production rates, the analyst tells investors in a 2025 outlook note for the aerospace and defense group. The firm has moved its Defense industry view to In-Line and trimmed Prime contractor price targets, noting that it continues to favor commercial aftermarket names into 2025 amid an ongoing aircraft supply-demand imbalance.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NOC:
- Northrop Grumman awarded $3.46B Navy contract
- Top 5 Trends That Shook Up Investing in 2024 and Will Continue in 2025
- Northrop Grumman increases share repurchase program by $3B
- Northrop Grumman awarded $801.05M Air Force contract
- L3Harris Technologies (NYSE:LHX) Wins $1 Billion Contract from U.S. Navy
Questions or Comments about the article? Write to editor@tipranks.com