Morgan Stanley raised the firm’s price target on Northrop Grumman to $592 from $579 and keeps an Overweight rating on the shares. Q2 was “a much-needed beat and raise quarter for Defense,” says the analyst, who believes Defense Primes may prove defensive in the current market environment as geopolitical tensions remain elevated.
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- Defense Stocks Explode as Military Activity Escalates
- Northrop Grumman price target raised to $500 from $470 at Barclays
- Northrop Grumman upgraded to Buy from Hold at Deutsche Bank
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- Northrop Grumman price target raised to $605 from $593 at UBS