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Analysts Offer Insights on Industrial Goods Companies: Cadre Holdings (CDRE), Northrop Grumman (NOC) and Lockheed Martin (LMT)

Tipranks - Tue Jul 28, 5:26AM CDT

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Cadre Holdings (CDRE), Northrop Grumman (NOC) and Lockheed Martin (LMT).

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Cadre Holdings (CDRE)

Cadre Holdings received a Buy rating and a $40.00 price target from J.P. Morgan analyst Tomohiko Sano today. The company’s shares closed last Friday at $30.86, close to its 52-week low of $29.06.

According to TipRanks.com, Sano is a 1-star analyst with an average return of -0.8% and a 46.6% success rate. Sano covers the Industrial Goods sector, focusing on stocks such as A. O. Smith Corporation, Bowman Consulting Group, and Hammond Power Solutions. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cadre Holdings with a $45.00 average price target.

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Northrop Grumman (NOC)

In a report issued on July 24, David E. Strauss from Wells Fargo maintained a Buy rating on Northrop Grumman, with a price target of $620.00. The company’s shares closed last Friday at $542.24, close to its 52-week high of $555.57.

According to TipRanks.com, Strauss is a 5-star analyst with an average return of 12.3% and a 65.0% success rate. Strauss covers the Industrial Goods sector, focusing on stocks such as Carpenter Technology, Huntington Ingalls, and General Dynamics. ;'>

Currently, the analyst consensus on Northrop Grumman is a Moderate Buy with an average price target of $639.69, a 19.5% upside from current levels. In a report issued on July 21, TipRanks – OpenAI also upgraded the stock to Buy with a $576.00 price target.

Lockheed Martin (LMT)

In a report released today, Ronald Epstein from Bank of America Securities reiterated a Hold rating on Lockheed Martin, with a price target of $600.00. The company’s shares closed last Friday at $582.60.

According to TipRanks.com, Epstein is a 5-star analyst with an average return of 21.7% and a 66.8% success rate. Epstein covers the Industrial Goods sector, focusing on stocks such as Howmet Aerospace, Northrop Grumman, and General Dynamics. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Lockheed Martin with a $610.62 average price target, representing a 7.4% upside. In a report issued on July 13, TD Cowen also maintained a Hold rating on the stock with a $560.00 price target.

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