After a brutal Q1 miss and lagging peers by double digits, Lockheed Martin just posted a quarter that sent shares surging past 10% in a single session, and analysts who stayed cautious may be about to get left behind.
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The updated analyst work on Lockheed Martin centers on a new US$571 price target, set against a model fair value of US$625.16 per share. Analysts link this target to a mix of optimism about Lockheed Martin as a core aerospace and defense stock over time and caution around sector timing, with recent target cuts reflecting more conservative assumptions on recovery and growth visibility. As you read on, you will see how this evolving narrative can shape expectations and what to watch as new...
Citi lowered its price target on Lockheed Martin (NYSE:LMT) to $571 from $675, while maintaining a Neutral rating. The price target cut lands as LMT stock trades at $518.41, well below the firm’s revised mark. For prudent investors, the takeaway on LMT stock is that the defense trade may stay range-bound until the macro backdrop ... Lockheed Martin Price Target Slashed to $571 by Citi: Is the Defense Trade Stuck in Neutral?