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Truist starts on defense stocks Northrop and Lockheed with buy


Published on 2025-01-14 12:41:06 - MSN
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  • 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.

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