TD Cowen raised the firm’s price target on Lockheed Martin (LMT) to $610 from $560 and keeps a Buy rating on the shares. The firm said Q3 EPS beat Street butits medium-term guide is light versus MSD% expectations. Cowen said they favor the stock for its bellwether status within defense and its foreign sales and short cycle leverage.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LMT:
- Lockheed Martin price target lowered to $695 from $705 at Susquehanna
- LMT Earnings: Lockheed Martin Surpasses Q3 Earnings Despite F-35 Challenges
- GE Aerospace, GM report quarterly earnings beats: Morning Buzz
- Lockheed Martin: Baseline sales through 2027 reflects low single digit growth
- Lockheed Martin says to provide more details in January on multiyear outlook