Defense Analyst Boosts Ratings for Lockheed, Northrop
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A Drexel Hamilton LLC analyst who has maintained a bearish view of the defense industry for more than a year raised his ratings on three top weapons companies.
Richard Whittington upgraded F-35 jet maker Lockheed Martin Corp., along with Northrop Grumman Corp. and General Dynamics Corp., to hold from sell. He had recommended selling shares of all three contractors since October 2011.