Argus keeps a Buy rating and $510 price target on Lockheed Martin but notes that the stock’s recent weakness offers buying opportunity. The stock has fallen 5%, but the company’s business is fine, its revenue is once again growing, and the balance sheet is strong, the analyst tells investors in a research note. The firm adds that it has a favorable view of Lockheed Martin’s focus on international revenue diversification, and it expects the ongoing geopolitical tensions to benefit sales and earnings going forward.
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