Morgan Stanley Believes Lockheed Martin (LMT) Still Has Room to Grow

In a report released today, Kristine Liwag from Morgan Stanley maintained a Buy rating on Lockheed Martin (LMTResearch Report), with a price target of $521.00. The company’s shares closed last Wednesday at $443.58, close to its 52-week high of $458.53.

According to, Liwag is a 3-star analyst with an average return of 2.0% and a 57.3% success rate. Liwag covers the Technology sector, focusing on stocks such as Virgin Galactic Holdings, L3Harris Technologies, and Teledyne Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lockheed Martin with a $418.07 average price target, a -6.1% downside from current levels. In a report issued on February 28, UBS also maintained a Buy rating on the stock with a $465.00 price target.

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Lockheed Martin’s market cap is currently $124.3B and has a P/E ratio of 20.06.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LMT in relation to earlier this year.

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Headquartered in Bethesda, Maryland, Lockheed Martin Corp. is a global security and aerospace company and is engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The majority of Lockheed Martin’s business is with the U.S. Department of Defense and U.S. federal government agencies. Lockheed Martin’s business is also comprised of international government and commercial sales of products, services and platforms. The company’s operating units are divided into four categories including, Aeronautics, Missiles and Fire Control, Rotary and Mission Systems and Space Systems.

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