Wells Fargo analyst Matthew Akers lowered the firm’s price target on Lockheed Martin (LMT) to $497 from $500 and keeps an Equal Weight rating on the shares. The firm says that investors it spoke with are focused on 2025 cash, where Wells thinks F-35 working capital, capex, pension and interest offset the benefit expected from pension pre-funding.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LMT:
- Lockheed Martin’s Earnings Call Highlights Strong Growth and Challenges
- Moog discloses Lockheed Martin award of over $100M
- Pilot safe after F-35 jet crashes at Alaska base, AP reports
- Lockheed Martin price target lowered to $520 from $540 at TD Cowen
- Lockheed Martin price target lowered to $550 from $570 at RBC Capital