Lockheed Martin Is Poised For Healthy Sales Growth, Says Analyst: 'Outlook Is Improving'
Portfolio Pulse from Priya Nigam
Lockheed Martin (NYSE:LMT) has been upgraded by RBC Capital Markets from Sector Perform to Outperform, with a price target increase from $500 to $600. The company is expected to see healthy sales growth, particularly in its F-35 deliveries and MFC segment. Despite a 1.56% decline in share price, the outlook remains positive.
August 05, 2024 | 2:54 pm
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Lockheed Martin has been upgraded by RBC Capital Markets from Sector Perform to Outperform, with a price target increase from $500 to $600. The company is expected to see healthy sales growth, particularly in its F-35 deliveries and MFC segment. Despite a 1.56% decline in share price, the outlook remains positive.
The upgrade from RBC Capital Markets and the increased price target indicate strong confidence in Lockheed Martin's future performance. The resumption of F-35 deliveries and positive outlook for the MFC segment support a bullish view. Despite a short-term decline in share price, the long-term outlook is positive.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100