RBC Capital raised the firm’s price target on Northrop Grumman (NOC) to $650 from $625 and keeps an Outperform rating on the shares after meeting with its management team. The firm remains confident in the company’s revenue acceleration potential in the second half of 2025, and the management has reiterated that it remains very well positioned relative to DoD budget priorities, the analyst tells investors in a research note. Northrop Grumman further highlighted that it could see double-digit international growth for several years.
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