The firm said it raised its rating on the company, which provides services and integrated solutions in aerospace, electronics, information and services to a variety of global customers, as it believes there will be an increase in defense spending.
Deutsche Bank raised its price target on Northrop to $145 from $140.
Shares of Northrop are higher by 1.04% to $130.24 at the start of trading today.
TheStreet Ratings team rates NORTHROP GRUMMAN CORP as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate NORTHROP GRUMMAN CORP (NOC) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."
You can view the full analysis from the report here: NOC Ratings Report