Lockheed Martin Shares Climb On Positive Analyst Ratings And Strong Q2 Results
Portfolio Pulse from Vaishali Prayag
Lockheed Martin Corporation (NYSE:LMT) shares rose after the company reported strong Q2 2024 earnings, surpassing expectations. Multiple analysts raised their price targets, contributing to the stock's positive movement.
July 24, 2024 | 7:27 pm
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Lockheed Martin reported Q2 2024 EPS of $7.11, beating expectations of $6.46, and revenue of $18.122 billion, surpassing the anticipated $17.044 billion. The company raised its 2024 guidance, and multiple analysts increased their price targets, leading to a 2.71% rise in the stock price.
Lockheed Martin's strong Q2 earnings, raised guidance, and positive analyst ratings are likely to boost investor confidence, leading to a short-term increase in the stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100