RBC Capital Starts Lockheed Martin (LMT) at Sector Perform

RBC Capital initiates coverage on Lockheed Martin (NYSE: LMT) with a Sector Perform rating and a price target of $265.00.

Analyst Matthew McConnell commented, "Lockheed Martin is benefiting from an inflection higher in defense spending, targeting outsized 5-7% growth in 2017. It is positioned as the unquestioned leader in fighter jets for the next 20+ years with the F-35, but has captured some unwanted attention from President-elect Trump. Given the sector’s highest valuation and limited opportunities for incremental capital deployment, we rate LMT Sector Perform."

For an analyst ratings summary and ratings history on Lockheed Martin click here. For more ratings news on Lockheed Martin click here.

Shares of Lockheed Martin closed at $256.17 yesterday.

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