Citigroup Maintains Buy on Lockheed Martin, Lowers Price Target to $540
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 $555 to $540.

October 18, 2023 | 12:13 pm
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Citigroup has maintained a Buy rating on Lockheed Martin but lowered the price target from $555 to $540.
The news is directly related to Lockheed Martin as Citigroup has maintained a Buy rating but lowered the price target. This could potentially impact the stock's performance in the short term as investors adjust their expectations based on the new price target. However, the maintained Buy rating indicates that Citigroup still sees potential in the stock, which could balance out the impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100