Lockheed Martin a ‘value opportunity’, says Argus

Argus analyst John Eade keeps a Buy rating and $500 price target on Lockheed Martin while calling the stock a "value opportunity". The company offers a "strong" balance sheet" and growing dividend while consistently delivering positive surprises to the Street in recent years, the analyst tells investors in a research note. Argus adds however that the stock has underperformed, falling 2% over the past quarter vs. a gain of 7% for the S&P500.