J.P. Morgan lifts Northrop Grumman's PT after FY forecast raise

** Northrop Grumman NOC.N on Tuesday raised its annual profit forecast over military aircraft, defense systems demand

** J.P. Morgan raises PT by $105 to $585; sees a "few blemishes" such as Space cut due to a contract loss to Boeing BA.N

** Brokerage expects a tailwind for NOC from B-21 program plus progress on Sentinel intercontinental ballistic missile

** 13 of 24 brokerages rate the stock "buy" or higher, 11 "hold" ; their median PT is $600- data compiled by LSEG

** As of last close, stock had risen 20.1% YTD