Baird raised the firm’s price target on Lockheed Martin to $519 from $488 and keeps an Outperform rating on the shares. The firm said they delivered better-than-expected 2Q24 results led by Aerospace and MFC beating consensus estimates, with early indications of a multi-year turnaround story unfolding with peak negative sentiment at Aero shifting more positive and trough-level margins in 2024 set to improve in 2025+.
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