NEW YORK, NY / ACCESSWIRE / September 19, 2017 / Caterpillar Inc. and Northrop Grumman both soared to brand new highs in Monday trading. Caterpillar saw its shares fly after a notable upgrade from UBS Financial Services. Shares of Northrop moved higher after it was revealed that the company would be purchasing Orbital AK for $9.2 billion.

RDI Initiates Coverage on:

Caterpillar Inc.
http://www.rdinvesting.com/report/?ticker=CAT

Northrop Grumman Corporation
http://www.rdinvesting.com/report/?ticker=NOC

Caterpillar's shares closed up 2.03% on Monday with a new all-time high of $124.43 hit during intra-day trading. The stock traded roughly 4.3 million shares yesterday which was slightly higher than average. The big jump came after the stock received an upgrade from UBS Financial Services. Analyst Steven Fisher has upped the stock from "neutral" to "buy" and increased the firm's price target from $116 a share to $140 a share. The analyst cited positive findings from the firm's survey of future spending plans of 50 mining companies. He wrote in a note to clients, "Our UBS Evidence Lab Macro analysis suggests a re-acceleration of US private construction activity, and our UBS Evidence Lab survey indicates that mining capex should continue to improve in 2018."

Access RDI's Caterpillar Inc. Research Report at:
http://www.rdinvesting.com/report/?ticker=CAT

Northrop Grumman's shares closed up 3.35% on Monday and hit a new high of $276.20 during intra-day trading. The stock was one of the biggest winners on the NYSE yesterday after the company announced that it will acquire rocket maker Orbital ATK for $7.8 billion in cash. The defense technology company has settled the acquisition deal with Orbital ATK OA for $9.2 billion where $7.8 billion will be paid in cash and the company will assume $1.4 million in net debt. Northrop intends to setup Orbital AK as a fourth and new business unit. The acquisition will be the biggest in the defense sector in the last two years. Northrop CEO Wes Bush commented, "Clearly, as we watch what's happening around our globe, the rather rapid advance of some of our potential adversaries is quite concerning." The deal is expected to close in the first half of 2018.

Access RDI's Northrop Grumman Corporation Research Report at:
http://www.rdinvesting.com/report/?ticker=NOC

Our Actionable Research on Caterpillar Inc. (NYSE: CAT) and Northrop Grumman Corporation (NYSE: NOC) can be downloaded free of charge at Research Driven Investing.

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