Northrop Grumman Corporation (NYSE:NOC) is one of the top 7 defense dividend stocks to buy, boasting a dividend yield of 1.58% as of December 22. Analysts foresee a 19% upside potential for NOC, with Morgan Stanley and Citigroup issuing bullish ratings and price targets. Wall Street analysts hold a consensus Strong Buy rating on the stock.

Morgan Stanley analyst Kristine Liwag adjusted Northrop Grumman Corporation’s price target to $714 from $720 on December 16, citing a bullish outlook on the aerospace and defense sector. Alembic Global also upgraded NOC’s rating to Overweight with a target of $662. Citigroup initiated coverage with a Buy rating and $654 target on December 12.

Northrop Grumman Corporation is a major global defense contractor specializing in aeronautics, space, defense electronics, and mission solutions. While NOC presents investment potential, some analysts believe other AI stocks offer greater upside and less risk. For more insights on potential AI investments, check out the free report on the best short-term AI stock.

Read more at Yahoo Finance: Analysts See a 19% Upside to Northrop Grumman Corporation (NOC)