Citi analyst John Godyn raised the firm’s price target on Lockheed Martin (LMT) to $592 from $505 and keeps a Neutral rating on the shares. The firm updated estimates and price targets in the aerospace and defense group. The sector’s momentum is likely to continue through the first half of 2026, the analyst tells investors in a research note.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LMT:
- Balanced Risk/Reward and Unlocked Optionality Keep Lockheed Martin at Hold
- Lockheed Martin price target raised to $540 from $500 at Jefferies
- Investors Flock to the Global X Defense Tech ETF (SHLD) after U.S. Capture of Maduro
- Lockheed Martin price target raised to $586 from $545 at Bernstein
- Trump Pressures Defense Contractors on Dividends While Backing $1.5 Trillion Budget Jump
