Jefferies analyst Sheila Kahyaoglu lowered the firm’s price target on Northrop Grumman (NOC) to $510 from $550 and keeps a Hold rating on the shares. The Defense and IT services revenue outlook “appears balanced and lacks positive catalysts,” says the analyst in a 2025 outlook note for the Aerospace and Defense Electronics group. The firm’s favorite sector in the group into 2024 was Commercial Aero, “which we see no reason to change,” with its favorite names in 2025 aftermarket heavy, the analyst added.
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Read More on NOC:
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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