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Analysts Offer Insights on Industrial Goods Companies: Northrop Grumman (NOC), Deere (DE) and RTX (RTX)

Tipranks - Tue Apr 14, 7:22AM CDT

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Northrop Grumman (NOC), Deere (DE) and RTX (RTX).

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Northrop Grumman (NOC)

In a report released today, Douglas Harned from Bernstein maintained a Hold rating on Northrop Grumman. The company’s shares closed last Friday at $673.73.

According to TipRanks.com, Harned is a 4-star analyst with an average return of 12.1% and a 54.8% success rate. Harned covers the Industrial Goods sector, focusing on stocks such as L3Harris Technologies, Huntington Ingalls, and StandardAero, Inc. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Northrop Grumman with a $760.21 average price target, a 10.9% upside from current levels. In a report issued on April 9, Jefferies also maintained a Hold rating on the stock with a $710.00 price target.

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Deere (DE)

Truist Financial analyst Jamie Cook maintained a Buy rating on Deere today. The company’s shares closed last Friday at $605.00.

According to TipRanks.com, Cook is a 5-star analyst with an average return of 15.9% and a 67.9% success rate. Cook covers the Industrial Goods sector, focusing on stocks such as EquipmentShare.com, Inc., Illinois Tool Works, and Jacobs Solutions. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Deere with a $676.77 average price target, representing a 9.4% upside. In a report issued on April 1, Barclays also assigned a Buy rating to the stock with a $640.00 price target.

RTX (RTX)

In a report released today, Adrien Rabier from Bernstein maintained a Hold rating on RTX. The company’s shares closed last Friday at $201.56.

According to TipRanks.com, Rabier is a 1-star analyst with an average return of -5.2% and a 16.7% success rate. Rabier covers the Industrial Goods sector, focusing on stocks such as Rolls-Royce Holdings, Airbus Group SE, and Boeing. ;'>

Currently, the analyst consensus on RTX is a Moderate Buy with an average price target of $225.58, an 11.2% upside from current levels. In a report issued on March 31, Wells Fargo also initiated coverage with a Hold rating on the stock with a $200.00 price target.

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