BTIG raised the firm’s price target on Northrop Grumman (NOC) to $600 from $565 and keeps a Buy rating on the shares. The firm expects Defense Systems to grow the fastest through the outyears with the Sentinel addition and strong ammunition demand, and International demand should be a topline and margin tailwind moving forward, the analyst tells investors in a research note.
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Read More on NOC:
- Northrop Grumman price target raised to $605 from $592 at Morgan Stanley
- Northrop Grumman price target raised to $540 from $500 at RBC Capital
- Northrop Grumman price target raised to $565 from $509 at Wells Fargo
- Northrop Grumman price target raised to $625 from $560 at Susquehanna
- Northrop Grumman price target raised to $643 from $614 at UBS