Northrop Grumman Corporation (NYSE: 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.