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Lockheed Martin Upgraded at UBS on Underappreciated Missile Growth (LMT:NYSE)
UBS said missiles and munitions could drive double-digit earnings growth and lifted its price target to $674, citing stronger long-term sales.
Summary by Seeking Alpha
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7 Articles
Here Are Tuesday’s Top Wall Street Analyst Research Calls: Amgen, Baidu, Best Buy, Circle Internet, Corning, Intel, Lockheed Martin SpaceX, TeraWulf and More
Wall Street returns from summer vacation to a market suddenly bracing for a rate hike, with fresh analyst calls on Intel, Lockheed Martin, Amgen, and SpaceX adding more pressure points to an already tense week.
Earnings upside for this defense giant isn't being appreciated by investors, says UBS
The bank upgraded Lockheed Martin to buy from neutral.
Why UBS Just Turned Bullish on Lockheed Martin (LMT) Stock
TLDR UBS upgraded LMT from Neutral to Buy, raising its price target to $674 from $581 Analysts project 9% revenue CAGR through 2028, driven by missiles, F-35 sustainment, CH-53K, and Trident programs UBS forecasts 150% revenue growth in the missiles and fire control segment from 2025 to 2030 LMT...
Coverage Details
Total News Sources7
Leaning Left2Leaning Right1Center1Last Updated50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 25%
R 25%
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