RBC Capital Starts Northrop Grumman (NOC) at Outperform

RBC Capital initiates coverage on Northrop Grumman (NYSE: NOC) with a Outperform rating and a price target of $268.00.

Analyst Matthew McConnell commented, "Northrop Grumman has enviable positions on both Air Force mega-programs (B-21 and F-35) plus ramping Triton UAV and E-2D programs that positions it for high single-digit aero growth through 2020. Combined with strong demand in cyber and throughout its (often classified) Mission Systems, we see growth accelerating in each of the next three years. Our $268 target price supports an Outperform rating."

For an analyst ratings summary and ratings history on Northrop Grumman click here. For more ratings news on Northrop Grumman click here.

Shares of Northrop Grumman closed at $233.11 yesterday.

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