Deutsche Bank analyst Scott Deuschle maintains Lockheed Martin Corporation LMT with a Buy, raising the price forecast from $600 to $620.
Lockheed Martin benefits from increased defense spending amid global tensions, making it a solid long-term investment despite current high valuation. The company offers strong shareholder returns with 22 consecutive dividend hikes and aggressive buybacks, enhancing its attractiveness for dividend growth investors. Lockheed's diversified portfolio, including the F-35 and advanced missiles, positions it well for sustained growth, even with potential execution risks like F-35 TR-3 delays.
LMT is set to provide deployed systems support and Warhead 93/Mark7 development for Trident II D5 missile.
In the latest trading session, Lockheed Martin (LMT) closed at $603.20, marking a -0.44% move from the previous day.
There are two ways to interpret global events happening right now, from a weakening state in consumer discretionary trends to the geopolitical conflicts taking place in the Middle East. The first and most common is to read about them in the news and never think of them again.
Lockheed (LMT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
As the conflict between Iran and Israel escalates, several defense stocks that have grown in popularity among United States Congress members are reacting positively, posting notable gains.
In a predictably grim phenomenon tied to outbreaks of global violence, aerospace and defense stocks climbed to record prices in an otherwise down day for the stock market, as Wall Street reacted to the latest escalation in the Middle East by anticipating larger contracts for military suppliers.
What the shares need for further gains.
LMT secures a $3.23 billion contract for the procurement of JASSM and LRASM.
The essence of the "wide moat" investment theme is when businesses possess durable competitive advantages - dubbed moats - that shield them from competitors.
LMT secures a $42 million contract to provide Hellfire II Missiles and JAGM for the U.S. Army.