• Susquehanna analyst Charles Minervino raised Northrop Grumman Corp's (NYSE: NOC) price target to 7 (an upside of 15.8%) from $416 and maintained a Positive rating on the shares.

  • The analyst mentions that program timing, pension, and tax charges continue to pose short-term hurdles that will pass in due time.

  • Minervino remains positive rating on the shares given the company's favorable portfolio relative to U.S. defense priorities and its shareholder-friendly capital return policy of returning most of its FCF through dividends and buybacks.

  • Morgan Stanley analyst Kristine Liwag maintained Northrop Grumman with an Overweight and lowered the price target to $428 (13% upside) from $440.

  • Related Content: Northrop Grumman Stock Slips After Q4 Revenue Miss, Moderate FY22 Outlook; Boosts Buyback

  • Price Action: NOC shares traded higher by 0.91% at $377.41 on the last check Friday.

Latest Ratings for NOC

Jan 2022

Morgan Stanley

Maintains

Overweight

Jan 2022

Susquehanna

Maintains

Positive

Jan 2022

Wolfe Research

Downgrades

Outperform

Peer Perform

View More Analyst Ratings for NOC
View the Latest Analyst Ratings

See more from Benzinga

  • Northrop Grumman Stock Slips After Q4 Revenue Miss, Moderate FY22 Outlook; Boosts Buyback

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

(305) 707 0888