Morgan Stanley lowered the firm’s price target on Lockheed Martin to $510 from $532 and keeps an Equal Weight rating on the shares, arguing that the company’s Q3 report and “soft” 2024 guidance offer “something for everyone,” including both the bulls and the bears. The firm, which continues to see the stock as “a battleground” as investors weigh downside risk to margins against shareholder-friendly capital deployment, cites revised 2024/25 margin assumptions for its lowered price target.
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