Northrop Grumman Corporation (NYSE:NOC) is among the 10 Best Aerospace and Defense Stocks to Buy According to Billionaires. According to TipRanks, BofA analyst Ronald Epstein maintained the firm’s Buy rating on the stock on March 17.
The update reiterates the bank’s earlier adjustment on January 28, following the company’s fourth-quarter earnings call. Then, BofA raised its price target to $750 from $685, with a Buy rating, while noting that NOC was embracing opportunities to become more commercial and agile without losing its status as a leading defense contractor.
As of the close of business on March 20, Northrop Grumman Corporation is a Moderate Buy, with an average share price upside potential of 6%.
On Thursday, the company announced that Talon IQ, its autonomous testbed ecosystem, had successfully performed its first flight with Shield AI’s Hivemind software, marking a significant milestone in mission autonomy, which is seen as an acceleration towards combat capabilities driven by artificial intelligence.
Northrop Grumman Corporation is one of the world’s largest defense contractors. It is engaged in the design, development, integration, and maintenance of advanced systems across aeronautics, space, defense electronics, and mission solutions.
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