Citigroup Maintains Buy on Lockheed Martin, Raises Price Target to $525
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jason Gursky has maintained a Buy rating on Lockheed Martin (NYSE:LMT) and increased the price target from $508 to $525.
April 24, 2024 | 6:07 pm
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Citigroup has reaffirmed its Buy rating on Lockheed Martin and raised the price target to $525.
The upgrade in price target by a reputable analyst like Jason Gursky from Citigroup is a strong positive signal for Lockheed Martin. It suggests confidence in the company's future performance and growth prospects, likely leading to increased investor interest and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100