Wells Fargo Raises Price Target On Several Aerospace & Defense Companies

• Wells Fargo analyst Matthew Akers raises the price target of four Aerospace & Defense companies.
• The analyst believes the valuation is likely to remain high on elevated tensions for some time to come.
• General Dynamics Corp's (NYSE:GD) price target raised to $282 (an upside of 11%) from $235 and maintained an Overweight rating on the shares.
• L3Harris Technologies Inc (NYSE:LHX) price target raised to $291 (an upside of 5.5%)from $240 and maintained an Overweight rating on the shares.
• Northrop Grumman Corp's (NYSE:NOC) price target raised to $472 (3.6% downside)from $390 and maintained an Equal Weight rating on the shares.
• Lockheed Martin Corp's (NYSE:LMT) price target raised to $486 (an upside of 1.4%) and maintained an Equal Weight rating on the shares.
• Price Action: GD shares are trading higher by 3.22% at $253.20, LHX higher by 3.3% at $275.88, NOC higher by 4.5% at $489.73, and LMT higher by 4.58% at $479.14 on Monday.