Citi Resumes Northrop Grumman (NOC) at Buy

March 12, 2018 5:55 AM EDT
Get Alerts NOC Hot Sheet
Price: $355.70 +1.37%

Rating Summary:
    21 Buy, 5 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 17 | Down: 5 | New: 36
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Citi resumes coverage on Northrop Grumman (NYSE: NOC) with a Buy rating and a price target of $405.00.

Analyst Jonathan Raviv resumes coverage of NOC with an upgraded rating of Buy (from Neutral) and a price target of $405.00 (from $280.00). The analyst comments "The pending Orbital acquisition changes the story in NOC’s favor by enabling modest margin expansion while NOC maintains attractive growth. We also think there’s cushion in NOC’s synergy outlook, suggesting earnings & cash upside. Plus, NOC emerges as an attractive “space play” (20% of sales); relevant as DoD boosts its space strategy."

For an analyst ratings summary and ratings history on Northrop Grumman click here. For more ratings news on Northrop Grumman click here.

Shares of Northrop Grumman closed at $349.64 Friday.



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