Barclays analyst David E. Strauss maintains $Northrop Grumman (NOC.US)$ with a hold rating, and adjusts the target price from $500 to $550.
According to TipRanks data, the analyst has a success rate of 60.1% and a total average return of 7.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Northrop Grumman (NOC.US)$'s main analysts recently are as follows:
Following a Q3 earnings surpassing expectations, Northrop Grumman increased its 2024 EPS forecast substantially, influenced by anticipated better margins and more favorable non-operating items. It is believed that robust international demand will contribute to margin growth.
Expectations are set for Northrop Grumman's Defense Systems to exhibit the most rapid growth over the coming years, bolstered by the inclusion of Sentinel and robust ammunition demand. Additionally, international demand is anticipated to positively influence both revenue and margins in the future.
Note:
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