RBC Capital Maintains Sector Perform on Lockheed Martin, Lowers Price Target to $470
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Ken Herbert has maintained a 'Sector Perform' rating on Lockheed Martin (NYSE:LMT) but has reduced the price target from $475 to $470.
January 24, 2024 | 4:23 pm
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Lockheed Martin's price target has been lowered from $475 to $470 by RBC Capital, although the 'Sector Perform' rating remains unchanged.
The reduction in price target by RBC Capital suggests a slightly less optimistic outlook on Lockheed Martin's stock value, but since the rating remains unchanged, the impact is likely to be moderate. Investors may perceive the price target adjustment as a minor recalibration rather than a significant change in company valuation.
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