RBC Capital raised the firm’s price target on Northrop Grumman to $500 from $475 and keeps a Sector Perform rating on the shares after its Q2 earnings beat. The company’s Q2 results were “strong” as it offered more granularity on the B-21 and Sentinel programs, which has been well-received by investors, though the stock now reflects much of the free cash flow growth and upside, the analyst tells investors in a research note.
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