Jefferies raised the firm’s price target on Lockheed Martin (LMT) to $540 from $500 and keeps a Hold rating on the shares. The firm notes Lockheed’s share price underperformance in 2025 has been driven by perceived margin/portfolio risk despite clear upside drivers. Jefferies says Q4 revenue will likely be in line, while 2026 revenue and EPS guide could slightly disappoint.
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