Investing.com -- Truist Securities initiated coverage on Northrop Grumman Corporation (NYSE:NOC) and Lockheed Martin Corporation (NYSE:LMT), rating both stocks "Buy" as recent pullbacks provides compelling entry points.
Northrop and Lockheed shares have dropped 18% and 24.5%, respectively, from recent highs.
“Ultimately we believe DOGE related fears are overblown, investors must realize that this is not Sequestration 2.0, the threat level remains elevated and U.S. Defense/NATO defense spending will continue to rise in the coming periods,” analyst said.
Northrop received a $544 price target, with Truist citing overblown fears about defense budget constraints.
The brokerage highlighted Northrop’s nuclear triad programs, including the B-21 Raider and Sentinel GBSD, as key drivers of stability and growth. Strong demand for missiles and munitions further supports its outlook.
Lockheed was assigned a $579 price target. Truist downplayed concerns over the F-35 program’s future.
The brokerage expects robust missile revenue growth and potential upward revisions to free cash flow. It also noted that elevated U.S. and NATO defense spending should sustain long-term growth for both companies.
Related Articles
Truist starts on defense stocks Northrop and Lockheed with buy
Cogeco Communications shares dip 4% after Q1 revenue falls short
Norway stocks higher at close of trade; Oslo OBX up 0.12%
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。