Morgan Stanley Adjusts Northrop Grumman Stock Price Target Following Earnings Report
Northrop Grumman (NOC) reported strong Q1 2026 earnings, reaffirming guidance and showing solid backlog growth, but its stock price dropped due to an unexpected increase in capital expenditures for the B-21 Raider production ramp-up. Morgan Stanley lowered its price target for NOC but views the selloff as a long-term buying opportunity.
Topics: B-21 Raider defense industry earnings report Morgan Stanley stock price target