UPDATE: RBC Capital Upgrades Northrop Grumman (NOC) to Outperform

(updating comment)

RBC Capital analyst Michael Eisen upgraded Northrop Grumman (NYSE: NOC) from Sector Perform to Outperform with a price target of $391.00.

The analyst comments "We upgrade NOC to Outperform from Sector Perform. The combination of the recent GBSD initial contract award, which should level set expectations, and the stock’s 3Q underperformance sets up a compelling risk/reward profile for this blue-chip defense pure play, in our view."

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 $312.18 yesterday.

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