TD Cowen analyst Cai von Rumohr upgraded Lockheed Martin to Buy from Hold with a price target of $560, up from $480. The company’s strong Q2 and F-35 delivery restart give Lockheed enhanced visibility of 5% sales gains, 10-20 points of margin lift, and rising cash flow through 2026, the analyst tells investors in a research note. Yet the stock has lagged year-to-date with a peer-low 20% net buy rating, contends the firm.
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