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Jefferies Sticks to Their Hold Rating for Northrop Grumman (NOC)

Tipranks - Tipranks - Mon Jul 27, 11:02AM CDT

In a report released today, Sheila Kahyaoglu from Jefferies maintained a Hold rating on Northrop Grumman, with a price target of $580.00.

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In addition to Jefferies, Northrop Grumman also received a Hold from J.P. Morgan’s Seth Seifman in a report issued on July 23. However, on the same day, Argus Research maintained a Buy rating on Northrop Grumman (NYSE: NOC).

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Based on Northrop Grumman’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $10.88 billion and a net profit of $1.09 billion. In comparison, last year the company earned a revenue of $10.35 billion and had a net profit of $1.17 billion

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