Skip to main content
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts Offer Insights on Industrial Goods Companies: Northrop Grumman (NOC) and ITT (ITT)

Tipranks - Wed Apr 15, 9:42AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Northrop Grumman (NOC) and ITT (ITT) with bullish sentiments.

Claim 30% Off TipRanks

Northrop Grumman (NOC)

In a report released today, Ronald Epstein from Bank of America Securities maintained a Buy rating on Northrop Grumman. The company’s shares closed last Tuesday at $679.02.

According to TipRanks.com, Epstein is a 5-star analyst with an average return of 21.4% and a 64.8% success rate. Epstein covers the Industrial Goods sector, focusing on stocks such as BETA Technologies, Inc. Class A, L3Harris Technologies, and StandardAero, Inc. ;'>

Currently, the analyst consensus on Northrop Grumman is a Moderate Buy with an average price target of $760.21, a 12.0% upside from current levels. In a report issued on March 31, Wells Fargo also initiated coverage with a Buy rating on the stock with a $800.00 price target.

See today’s best-performing stocks on TipRanks >>

ITT (ITT)

In a report released today, Andrew Obin from Bank of America Securities maintained a Buy rating on ITT. The company’s shares closed last Tuesday at $222.60.

According to TipRanks.com, Obin is a top 100 analyst with an average return of 20.9% and a 69.5% success rate. Obin covers the Industrial Goods sector, focusing on stocks such as Montrose Environmental Group, Emerson Electric Company, and Honeywell International. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for ITT with a $235.11 average price target, implying a 6.5% upside from current levels. In a report issued on March 31, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $270.00 price target.

Read More on NOC:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.