Jefferies analyst Sheila Kahyaoglu raised the firm’s price target on Lockheed Martin to $525 from $500 and keeps a Hold rating on the shares after having met with key leaders across the company’s Huntsville operations supporting the THAAD system to defend against short and medium range ballistic missiles, the Next Generation Interceptor and the company’s hypersonics programs. Huntsville’s employment of 1,700, up 20% year-over-year, is pointing to growing operations, Kahyaoglu noted in the recap of the site visit.
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