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Northrop (NOC) Receives a Buy from J.P. Morgan

In a report released today, Seth Seifman from J.P. Morgan maintained a Buy rating on Northrop (NOCResearch Report), with a price target of $490.00. The company’s shares closed last Thursday at $454.46.

According to TipRanks.com, Seifman is a 4-star analyst with an average return of 7.1% and a 68.5% success rate. Seifman covers the Technology sector, focusing on stocks such as L3Harris Technologies, Raytheon Technologies, and Caci International.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Northrop with a $518.78 average price target, which is a 18.3% upside from current levels. In a report released today, Robert W. Baird also upgraded the stock to Buy with a $529.00 price target.

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Northrop’s market cap is currently $70.64B and has a P/E ratio of 12.58.

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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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