Citigroup Maintains Buy on Lockheed Martin, Lowers Price Target to $508
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jason Gursky has maintained a Buy rating on Lockheed Martin (NYSE:LMT) but has reduced the price target from $540 to $508.

January 24, 2024 | 7:16 pm
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Citigroup analyst Jason Gursky maintains a Buy rating on Lockheed Martin but lowers the price target from $540 to $508.
While the reduction in price target could suggest a slightly less optimistic outlook for Lockheed Martin's stock price, the maintenance of a Buy rating indicates that Citigroup still has a positive view on the company's fundamentals. The mixed message may lead to a neutral short-term impact on the stock as investors digest both the positive and the slightly less bullish aspects of the analyst's opinion.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100