Northrop (NOC): New Buy Recommendation for This Technology Giant

Cowen & Co. analyst Cai von Rumohr maintained a Buy rating on Northrop (NOCResearch Report) today and set a price target of $510.00. The company’s shares closed last Friday at $490.75.

According to TipRanks, von Rumohr is a 4-star analyst with an average return of 4.1% and a 62.40% success rate. von Rumohr covers the Technology sector, focusing on stocks such as Boeing, Embraer SA, and General Dynamics.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Northrop with a $506.29 average price target.

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The company has a one-year high of $497.20 and a one-year low of $340.76. Currently, Northrop has an average volume of 784.4K.

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Virginia-based Northrop Grumman Corp. is a global aerospace and defense technology company. It operates through the following business segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems.

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