Bernstein analyst Douglas Harned lowered the firm’s price target on Lockheed Martin to $482 from $507 and keeps a Market Perform rating on the shares following Q4 earnings yesterday. The firm has increased its revenue outlook for 2024 to $69.3B, but lowered its EPS outlook to $25.73 from $26.85, as Bernstein reduces its margin estimates in Aeronautics.
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