Wells Fargo initiated coverage of Northrop Grumman (NOC) with an Overweight rating and $800 price target The firm says the company’s “strong” growth outlook has been overshadowed by its “heavy” development spend and capital investment. Northrop is “now approaching the other side,” which should drive share outperformance relative to peers, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NOC:
- LMT, NOC, LUNR: 3 Space Stocks Set to Benefit from NASA’s Artemis II Moon Mission
- Hegseth broker tried to invest in defense ETF before Iran attacks, FT says
- Northrop Grumman awarded $884.88M Army contract
- Northrop Grumman awarded $127.32M Navy contract
- Trump Trade: U.S. said to seek one-month ceasefire to hold Iran talks