Why Northrop Grumman's Stock Is Trading Higher Today

Northrop Grumman Corporation NOC shares are trading higher on Friday, after analysts at Cowen upgraded the company's stock from Market Perform to Outperform and raised their price target from $360 to $370.

Northrop Grumman is a U.S. global aerospace and defense technology company. The company's aerospace segment creates the fuselage for the massive F-35 program and produces various piloted and autonomous flight systems. Mission systems creates a variety of sensors and processors for defense hardware.

Northrop Grumman shares were trading up 3.68% at $323.14 at time of publication on Friday. The stock has a 52-week high of $385 and a 52-week low of $263.31.

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