Jefferies raises Northrop Grumman PT on solid backlog

ReutersApr 9, 2026 2:50 PM

Jefferies lifts price target on Northrop Grumman NOC.N to $710 from $690, reiterates "hold" rating

NOC shares up nearly 1% at $692 in early trading

Brokerage expects aerospace and defense supplier's revenue growth to build through the year with steady margin improvement

Adds strong backlog underpins near-term stability, with incremental upside likely skewed to later years as program wins and production ramps gather pace

14 of 25 brokerages rate the stock "buy" or higher, 11 "hold"; their median PT is $757.50 - data compiled by LSEG

Including session moves, stock up 21.2% YTD

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