Wells Fargo raised the firm’s price target on Lockheed Martin (LMT) to $477 from $432 and keeps an Equal Weight rating on the shares. The firm says Lockheed is off to a strong start with Q1 ahead of expectations. Guidance reaffirmed although without NGAD impact, which it thinks could be modest. Wells believes FY26 request and related program review will be a key catalyst for Lockheed Martin going forward.
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