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A Buy With $565 Price Target
Lockheed Martin Stock: A Buy With $565 Price Target
Lockheed Martin had a rough Q4, missing sales and EPS estimates, with unplanned charges impacting earnings. Despite the poor results, the stock is still a buy, offering 24% upside.
Why Lockheed Martin (LMT) Stock Is Down Today
Shares of security and Aerospace company Lockheed Martin (NYSE:LMT) fell 8.9% in the morning session after the company reported underwhelming fourth quarter results, with revenue and earnings both falling below Wall Street's expectations.
Lockheed Martin price target lowered to $497 from $500 at Wells Fargo
Wells Fargo analyst Matthew Akers lowered the firm’s price target on Lockheed Martin (LMT) to $497 from $500 and keeps an Equal Weight rating
Lockheed Martin stock target cut by Bernstein to $541
Despite these setbacks, the demand for Lockheed Martin (NYSE:LMT)'s programs remains robust. The company's earnings per share (EPS) for the fourth quarter came in at $2.22, notably lower than the consensus estimate of $6.
4h
What to know about the UH-60 Black Hawk helicopter involved in D.C. crash
For many, the Sikorsky UH-60 Black Hawk helicopter, like the one involved in the Wednesday collision over the Potomac River ...
1d
Lockheed Martin 2024 Earnings Weakness A Sign Of Deeper Troubles?
Lockheed Martin plummeted in response to a 20% YoY decline in full-year EPS. See why I'm not an immediate buyer of LMT stock ...
2d
on MSN
China's new stealth fighter spooks Wall Street about Lockheed Martin's F-35
Wall Street analysts worry that new Chinese stealth aircraft could persuade the US to buy fewer of Lockheed Martin's F-35 ...
2d
Lockheed Martin’s earnings weighed down by write-downs on classified programs
Lockheed Martin Corp.’s stock fell 7.4% Tuesday to put it on track for its biggest one-day decline in more than three years, ...
Airforce Technology on MSN
6h
Lockheed Martin sees 5% sales growth, record $176bn backlog
Lockheed Martin has experienced a year of progress in 2024, with a sales increase of 5% and a year-end backlog valued at ...
Aviation Week
1d
Billion-Dollar Losses Pile Up For Lockheed Classified Programs
The latest charges raise Lockheed’s historic losses to $1.4 billion on the classified program in M&FC. All losses reported so ...
2d
on MSN
Lockheed Martin cautious on 2025 profit view, shares sink 8%
Lockheed Martin on Tuesday forecast it will make less profit than expected in 2025, as the top U.S. defense company grapples ...
1d
on MSN
Lockheed Martin reports $71 billion in sales for 2024
In its fourth quarter earnings report, Lockheed Martin said it had net sales of $18.6 billion for the fourth quarter, which ...
Investor's Business Daily on MSN
9h
General Dynamics, RTX Top Estimates, Lockheed Martin Retreats
Lockheed Martin, RTX lead defense earnings on Tuesday. General Dynamics, Northrop Grumman, L3Harris to report results this ...
2d
on MSN
Lockheed Martin cautions on 2025 profit view, hindered by F-35 tech upgrade
Lockheed Martin forecast 2025 profit that missed Wall Street expectations on Tuesday, as the defense giant grapples with ...
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