Wells Fargo raised the firm’s price target on Lockheed Martin to $525 from $483 and keeps an Equal Weight rating on the shares. The firm says sentiment appears to be starting to turn more positive on Lockheed Martin as F-35 starts to deliver and with a solid beat/raise in Q2. Margin guidance looks conservative for the second half of the year but will be hit with further MFC charges and program timing, Wells adds.
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