In a report released today, Ronald Epstein from Bank of America Securities maintained a Buy rating on Northrop Grumman, with a price target of $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 and growth potential in various sectors. The company is making significant progress with its marquee programs, such as the B-21 and Sentinel, which are on track and supported by robust demand and budgetary backing. The B-21 program, in particular, is poised for accelerated development and production, which could enhance profitability through strategic investments and agreements.
Additionally, Northrop Grumman’s strategic focus on emerging opportunities in space and unmanned systems, coupled with its above-average capital investments, positions it well to meet the growing demand for solid rocket motors and other space-related initiatives. The company’s international sales have also shown impressive growth, driven by increased foreign defense spending and program exports, which are expected to continue pacing domestic growth. These factors collectively contribute to a positive outlook for Northrop Grumman, justifying the Buy rating.
Epstein covers the Industrials sector, focusing on stocks such as Boeing, RTX, and Transdigm Group. According to TipRanks, Epstein has an average return of 18.1% and a 65.85% success rate on recommended stocks.
In another report released on July 25, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $627.00 price target.