Northrop Grumman Corporation (NYSE:NOC) is among the 12 Best Aerospace Stocks to Buy Right Now. As of the close of business on April 2, the stock is a Moderate Buy with an average share price upside potential of 7%.

Recent updates include Citigroup on Thursday lifting the price target on the defense contractor to $807 from $781 and maintaining a Buy rating as part of its Q1 preview.

Earlier on April 1, Wells Fargo initiated coverage on the stock with an Overweight rating and a price target of $800. According to a report on TipRanks, the firm said that increased capital investment and development spend by Northrop Grumman Corporation (NYSE:NOC) was overshadowing its growth outlook.

However, the analyst told investors in a research note that the company was ‘now approaching the other side’, because of which he expects the stock to outperform competitors in share price.

In other news, on March 30, the aerospace and defense company secured a contract modification from the U.S. Navy for up to nine additional SEWIP Block 3 maritime electronic attack systems.

Northrop Grumman Corporation (NYSE:NOC) 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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