Northrop Grumman Stock Upgraded: What You Need to Know
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking two high-profile Wall Street picks and putting them under the microscope...
With its shares up more than 31% over the past year, defense industry heavyweight Northrop Grumman (NYSE: NOC) is the best-performing, big, pure-play defense contractor of 2017 -- just edging out rival Raytheon (NYSE: RTN) and its 30% gain. And Northrop Grumman could keep on beating Raytheon in the future...
Or at least, that's what JPMorgan thinks.
Source: Fool.com