Lockheed Martin's Greatest Upside Potential Is In Space: Analyst Sees Dividend Hikes, Buyback Top Ups
Portfolio Pulse from Nabaparna Bhattacharya
Deutsche Bank analyst Scott Deuschle maintains a Buy rating on Lockheed Martin (NYSE:LMT), raising the price target to $620. The analyst highlights potential in the Space segment and anticipates dividend hikes and buyback increases. Despite a slight revenue miss due to an F-35 contract delay, a third-quarter revenue beat is expected, possibly leading to an upward revision of full-year guidance.
October 03, 2024 | 7:24 pm
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Deutsche Bank analyst Scott Deuschle maintains a Buy rating on Lockheed Martin, raising the price target to $620. The analyst sees potential in the Space segment and anticipates dividend hikes and buyback increases. Despite a slight revenue miss due to an F-35 contract delay, a third-quarter revenue beat is expected, possibly leading to an upward revision of full-year guidance.
The analyst's positive outlook, including a raised price target and expectations of dividend hikes and buyback increases, suggests a bullish sentiment. The anticipated third-quarter revenue beat and potential upward revision of full-year guidance further support a positive short-term impact on LMT's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100