Ronald Epstein, an analyst from Bank of America Securities, reiterated the Buy rating on Northrop Grumman. The associated price target is $650.00.
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Ronald Epstein has given his Buy rating due to a combination of factors that highlight Northrop Grumman’s strong position in the defense sector. The company’s stock saw a significant rise, reflecting confidence in the timely execution of key programs and the management of previous financial risks. Notably, the B-21 program appears to be stabilizing, and Northrop Grumman’s commitment to achieving fair returns on future projects further supports this positive outlook.
Additionally, the company’s innovative capabilities, such as the Beacon autonomous testbed, demonstrate its ongoing commitment to technological advancement. International demand, particularly from Europe and the Middle East, is driving growth, with a notable increase in sales of integrated air and missile defense systems and other defense technologies. This robust demand, coupled with Northrop Grumman’s strategic positioning and lack of significant international competition, underpins the Buy rating and the increased price objective.
In another report released today, Citi also maintained a Buy rating on the stock with a $663.00 price target.