Vertical Research upgrades Lockheed Martin to Buy with $600 target
Vertical Research raised its rating on Lockheed Martin (LMT) from Hold to Buy and set a $600 price target, highlighting strong missile‑system demand and an attractive valuation. The firm noted an 11% annual growth rate in the missile sector and a low P/E of 18.65. At the same time, Bernstein cut its target to $564 amid budget uncertainty. LMT shares were trading around $504.02 when the upgrade was announced.
Why it matters
The upgrade and higher target suggest upside of roughly 19% from the current price, which could attract buyers. Bernstein’s lower target signals mixed analyst sentiment, potentially widening the price range for investors.
Key facts
- 1Vertical Research upgraded Lockheed Martin to Buy from Hold. marketscreener.com
- 2Vertical Research set a price target of $600.00. investing.com
- 3Vertical Research cited an 11% annual growth rate in the missile sector through 2030. tradingview.com
- 4Bernstein lowered its price target to $564. marketscreener.com
- 5Lockheed Martin shares were trading at $504.02 at the time of the upgrade. marketscreener.com
- 6Lockheed Martin offers a dividend yield of 2.61% with a payout ratio of 50%. gurufocus.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.