RBC Capital raised the firm’s price target on Northrop Grumman (NOC) to $625 from $600 and keeps an Outperform rating on the shares. Northrop Grumman reported a 19% EPS beat compared to consensus and a 4% beat when excluding the one-time $1.04 gain, the analyst tells investors in a research note. The commentary on the B-21 and Sentinel programs is a positive, RBC says.
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