Citi lowered the firm’s price target on Lockheed Martin (LMT) to $571 from $675 and keeps a Neutral rating on the shares. The firm updated models in the aerospace and defense sector, saying it does not expect an “immediate V-shaped rally” without a resolution to the Middle East conflict. However, Citi sees buying opportunities following the recent selloffs, expecting the aerospace group to rally first, followed by defense.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LMT:
- This Billionaire Just Loaded Up on These U.S. Defense Stocks
- “No More Waivers Like Candy,” Says Trump as Lockheed, RTX Face China Rare-Earth Deadline
- Xanadu Stock Drops after Q1 Earnings, but Analysts See Big Upside for XNDU
- Lockheed Martin awarded $991.13M Navy contract
- Private Markets: $2.1B for Isomorphic Labs, massive raise looming for Anthropic