Northrop Grumman (NYSE:NOC) Given “Buy” Rating at Drexel Hamilton

Northrop Grumman (NYSE:NOC)‘s stock had its “buy” rating reissued by Drexel Hamilton in a report issued on Wednesday, December 19th. They currently have a $335.00 price target on the aerospace company’s stock. Drexel Hamilton’s price target indicates a potential upside of 30.83% from the company’s current price.

The analysts wrote, “Wes Bush will step down as CEO and Kathy Warden (current President and COO) will take his place on Jan 1, 2019. We see no change to the long- term growth plans for the company.””

A number of other equities analysts have also recently commented on NOC. Zacks Investment Research raised Northrop Grumman from a “hold” rating to a “buy” rating and set a $352.00 price target on the stock in a research note on Thursday, October 11th. Wells Fargo & Co reduced their target price on Northrop Grumman from $360.00 to $340.00 and set an “outperform” rating on the stock in a research note on Thursday, October 25th. ValuEngine raised Northrop Grumman from a “sell” rating to a “hold” rating in a research note on Saturday, November 10th. Stifel Nicolaus set a $280.00 price target on Northrop Grumman and gave the stock a “hold” rating in a research note on Thursday, October 25th. Finally, Morgan Stanley reduced their price target on Northrop Grumman from $346.00 to $318.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have g....

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