Northrop Grumman lifts 2024 profit forecast again as global defense spending climbs

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Northrop Grumman (NOC) PT Raised to $643 at UBS

October 25, 2024 5:55 AM EDT

UBS analyst Gavin Parsons raised the price target on Northrop Grumman (NYSE: NOC) to $643.00 (from $614.00) while maintaining a Buy rating.

The analyst comments "NOC delivered a relatively uneventful 3Q EBIT/EPS beat and raise, with revenue slightly below consensus but with guidance reiterated, and initial 2025 revenue growth in-line at... More