Bernstein analyst Douglas Harned raised the firm’s price target on Northrop Grumman (NOC) to $727 from $696 and keeps a Market Perform rating on the shares. The firm notes 2026 had a volatile start with the capture of Maduro, an Executive Order on capital deployment and executive comp, and President Trump’s post that he wants a $1.5T budget. Overall, Bernstein believes 2026 sets up positively, but it acknowledges there remains high uncertainty.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NOC:
- Trump Pressures Defense Contractors on Dividends While Backing $1.5 Trillion Budget Jump
- Trump Weekly: President blasts institutional home buying, Defense buybacks
- Northrop Grumman downgraded to Hold from Buy at Truist
- Defense Stocks Surge as Trump Calls for $1.5 Trillion U.S. Military Budget”
- Midday Fly By: Defense stocks surge on Trump budget request