Citigroup Maintains Buy on Lockheed Martin, Lowers Price Target to $555
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jason Gursky maintains a Buy rating on Lockheed Martin (NYSE:LMT) but has lowered the price target from $579 to $555.
July 19, 2023 | 12:09 pm
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Citigroup maintains a Buy rating on Lockheed Martin but lowers the price target from $579 to $555.
The news is directly related to Lockheed Martin. While the Buy rating is maintained, the lowering of the price target might indicate a slightly less optimistic outlook for the company's stock in the short term. However, the impact is likely to be neutral as the Buy rating is still in place.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100