Wells Fargo Maintains Underweight on Lockheed Martin, Raises Price Target to $440
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Sarah Akers has maintained an Underweight rating on Lockheed Martin (NYSE:LMT) and raised the price target from $433 to $440.

July 19, 2023 | 12:39 pm
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Wells Fargo has maintained an Underweight rating on Lockheed Martin and raised the price target from $433 to $440.
The news is directly related to Lockheed Martin as Wells Fargo has maintained an Underweight rating on the company and raised the price target. This suggests that the analyst believes the stock is overvalued compared to its peers. However, the increase in price target indicates a slightly positive outlook, which may neutralize the impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100