RBC Capital Upgrades Lockheed Martin (LMT) to Outperform

RBC Capital analyst Ken Herbert upgraded Lockheed Martin (NYSE: LMT) from Sector Perform to Outperform with a price target of $600.00 (from $500.00).

The analyst comments: "We are upgrading our recommendation on Lockheed Martin from Sector Perform to Outperform. We believe investor sentiment is improving as the company has seen a positive inflection in its sales growth, the resumption of F-35 deliveries is lifting an overhang, and the outlook for the MFC segment is improving. We do anticipate investor pushback on the pace of FCF growth in 2025-2026 (we model in MSD growth) and valuation. However, with the stock trading at just 19.8x on our 2025 FCF estimate, we believe the valuation is attractive. We are increasing our price target to $600 from $500."

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 $548.77 yesterday.

You May Also Be Interested In