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Truist starts on defense stocks Northrop and Lockheed with buy


//stocks-investing.news-articles.net/content/202 .. fense-stocks-northrop-and-lockheed-with-buy.html
Published in Stocks and Investing on Tuesday, January 14th 2025 at 12:41 GMT by MSN   Print publication without navigation

  • Truist Securities initiated coverage on Northrop Grumman Corporation (NYSE:NOC) and Lockheed Martin Corporation (NYSE:LMT), rating both stocks "Buy" as recent pullbacks provides compelling entry points.

Truist Securities has initiated coverage on two major defense contractors, Northrop Grumman and Lockheed Martin, with a "Buy" rating for both. Analyst Michael Ciarmoli highlighted Northrop Grumman's potential for growth due to its involvement in key defense programs like the B-21 Raider and the Ground Based Strategic Deterrent, alongside its strong free cash flow generation. For Lockheed Martin, despite some near-term challenges, Ciarmoli sees long-term value in its diversified portfolio, including the F-35 program, and its consistent dividend growth, positioning it as a solid investment in the defense sector. The coverage reflects optimism about the defense industry's future, driven by increasing global security concerns and rising defense budgets.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/truist-starts-on-defense-stocks-northrop-and-lockheed-with-buy/ar-BB1rrEWF ]

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