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NOC

Northrop Grumman

$337.66

10.16 (3.10%)

17:12
02/07/18
02/07
17:12
02/07/18
17:12

Northrop Grumman awarded $428.8M U.S. Air Force contract

Northrop Grumman has been awarded a not-to-exceed $428,806,926 cost-plus-incentive-fee contract for two functionally equivalent Extremely High Frequency eXtended Data Rate payloads for the recapitalization of the Enhanced Polar System. This contracts procures the EPS-R EHF XDR payloads to prevent a Military Satellite Communications mission gap in the Polar region. Work will be performed in Redondo Beach, California, and is expected to be complete by December 2022. This award is the result of a sole-source acquisition.

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NOC Northrop Grumman
$337.66

10.16 (3.10%)

02/05/18
ARGS
02/05/18
NO CHANGE
Target $375
ARGS
Buy
Northrop Grumman price target raised to $375 from $335 at Argus
Argus analyst John Eade raised his price target on Northrop Grumman to $375 and kept his Buy rating after the company's Q4 earnings beat and 10% dividend hike in response to the lower U.S. tax rate. Eade cites the company's history of meeting and beating analyst expectations and also sees the current defense spending developments as positive for the industry for at least the next two years.
01/16/18
01/16/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Qualcomm (QCOM) upgraded to Buy from Neutral at Nomura Instinet with analyst Romit Shah saying with Broadcom's (AVGO) hostile takeover attempt now analogous to a "gun to the head," Qualcomm management is likely to more aggressively focus on driving shareholder value in order to remain a standalone franchise. 2. Twitter (TWTR) upgraded to Buy from Sell at Aegis with analyst Victor Anthony saying he believes 2018 will be an inflection point in owned and operated advertising for Twitter and he sees a return to double-digit growth in that area in 2019. 3. Procter & Gamble (PG) upgraded to Neutral from Sell at Goldman Sachs with analyst Jason English saying he no longer sees enough downside to estimates to drive material underperformance for the stock. 4. Northrop Grumman (NOC) and Curtiss-Wright (CW) were upgraded to Outperform from Market Perform at Wells Fargo. 5. Ciena (CIEN) was upgraded to Buy from Neutral at Goldman Sachs, while Adtran (ADTN) was upgraded to Neutral from Sell. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/16/18
WELS
01/16/18
UPGRADE
Target $360
WELS
Outperform
Northrop Grumman upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Sam Pearlstein upgraded Northrop Grumman to Outperform and raised his price target for the shares to $360 from $310. Defense stocks with the fastest organic growth are likely to perform best in 2018, Pearlstein tells investors in a research note. He sees Northrop revenue growing from organic growth as well as earnings benefiting from the Orbital ATK acquisition and tax reform.
12/12/17
12/12/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Verizon (VZ) upgraded to Buy from Neutral at Nomura Instinet by analyst Jeffrey Kvaal, who said that better visibility into subscriber growth, rising average revenue per user and cost control will drive earnings growth in 2018. Further, he believes tax reform should also boost the company's earnings. The analyst thinks signs of easing competition may also spur multiple expansion. 2. Northrop Grumman (NOC) upgraded to Overweight from Neutral at JPMorgan by analyst Seth Seifman, who said that more profitable F-35 growth will accelerate in 2018 while management's initial take on the Orbital ATK (OA) deal, including synergies, will prove conservative. He called Northrop his top defense prime pick. 3. Activision Blizzard (ATVI) upgraded to Buy from Neutral at Goldman Sachs by analyst Christopher Merwin, who recommends owning this discounted "high-quality" asset ahead of accelerating earnings growth over the next 2-3 years. Merwin raised Activision's 2019 and 2020 estimates to reflect a robust pipeline of games including Diablo, Overwatch 2, and a Blizzard mobile title, which he does not believe Street estimates fully reflect. 4. Abbott (ABT) upgraded to Outperform from Market Perform at BMO Capital by analyst Joanne Wuensch, who said she is placing the stock on her "Top Picks" list, noting that 2018 will be the "year of execution" with several product launches ahead and acquisitions of Alere and St. June in the past. 5. HCA Healthcare (HCA), Tenet (THC) and Universal Health (UHS) upgraded to Buy from Neutral at Citi by analyst Ralph Giacobbe, who cited a more constructive view on the hospital space. The analyst sees a better volume backdrop in 2018 and low expectations for the sector. He believes hospital stocks offer an attractive upside scenario. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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Entellus Medical

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OJSCY

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MIC

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ACIA

Acacia Communications

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XPO

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SNY

Sanofi

$39.85

0.34 (0.86%)

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KNX

Knight-Swift

$47.83

-0.47 (-0.97%)

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SBGL

Sibanye Gold

$4.05

-0.38 (-8.58%)

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INGIF

Ingenico Group

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MOMO

Momo

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GDDY

GoDaddy

$55.43

-0.27 (-0.48%)

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SRE

Sempra Energy

$106.64

1.21 (1.15%)

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MB

Mindbody

$35.55

2.2 (6.60%)

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FNGN

Financial Engines

$29.95

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OKTA

Okta

$35.82

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COTV

Cotiviti Holdings

$34.21

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ARD

Ardagh Group

$19.01

0.8 (4.39%)

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BSX

Boston Scientific

$26.48

-0.29 (-1.08%)

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SGMO

Sangamo

$25.40

3.2 (14.41%)

, GILD

Gilead

$79.40

-1.29 (-1.60%)

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EMN

Eastman Chemical

$101.51

0.42 (0.42%)

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