Deutsche Bank raised the firm’s price target on Lockheed Martin to $487 from $467 and keeps a Hold rating on the shares. The company reported solid Q1 results, the analyst tells investors in a research note. The firm says that while the Street mis-modeling the extra week played a part in this quarter’s outperformance versus sell-side estimates, “there were also pockets of fundamental outperformance.” It sees upside to full-year sales estimates.
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- Lockheed Martin says company off to solid start in 2024
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- Lockheed Martin reports Q1 cash from operations of $1.6B; free cash flow $1.3B
- Lockheed Martin backs FY24 cash from operations view $7.75B-$8.05B
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