Reported 1 day ago
Truist analyst Michael Ciarmoli has reaffirmed a Buy rating on Lockheed Martin while reducing the 12-month price target from $579 to $554, reflecting a minor adjustment rather than a loss of confidence. The defense and aerospace giant is noted for its robust standing amidst increasing global defense budgets and aftermarket demand. Despite the target cut, Truist sees Lockheed's valuation as attractive compared to peers and believes in its resilience during economic uncertainties.
Source: YAHOO