Amid Contract Uncertainty, Vetr Upgrades Northrop Grumman

The Vetr crowd upgraded its rating for Northrop Grumman Corporation NOC on Friday from its previous position at 3 stars (Hold) issued a month ago, to 3.5 stars (Buy). Crowd sentiment for the stock is generally positive with 70 percent of Vetr user ratings bullish. Image Credit: By Robert Frola [GFDL], via Wikimedia Commons

Share price in Northrop Grumman took a bit of a dive earlier in the week, falling little over 4 percent in the course of a trading day. Prior to that, the defense contractor was riding high on the post-election rally. However, President-elect Donald Trump's off-the-cuff tweets regarding Boeing Co BA have thrown some question on the longevity of many government contractors.

At 2 p.m. on December 9, the stock was languishing around $237.60.

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Currently, the Vetr crowd's average target price for the stock is up at $251.85, which is well above the average analyst target price of $237.33. Less than 2 percent of Vetr users are holding Northrop on their watch-lists.