Susquehanna analyst Charles Minervino initiated Northrop Grumman with a Neutral as he believes the favorable political climate for defense spending, coupled with a technology portfolio that covers security from undersea to outer space, positions it for secular demand trends in the defense sector. However, he sees less upside potential relative to other stocks within the space. Minervino has a $273 price target on Northrop Grumman shares.
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here