UBS Maintains Neutral on Lockheed Martin, Lowers Price Target to $475
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Gavin Parsons has maintained a Neutral rating on Lockheed Martin (NYSE:LMT) and reduced the price target from $488 to $475. This adjustment reflects a more conservative valuation of the company's stock.

January 24, 2024 | 3:27 pm
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NEUTRAL IMPACT
UBS analyst Gavin Parsons maintained a Neutral rating on Lockheed Martin and lowered the price target from $488 to $475, indicating a more cautious outlook on the stock's value.
The reduction in price target by UBS suggests a slightly less optimistic view on Lockheed Martin's future stock performance. However, since the rating remains Neutral, the immediate impact on the stock price may be limited. The adjustment in price target is likely based on UBS's analysis of the company's valuation, future earnings potential, or market conditions. Investors may interpret this as a sign to be more cautious with their expectations for LMT's stock price growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100