Lockheed Martin price target raised to $660 from $535 at BofA

BofA raised the firm’s price target on Lockheed Martin (LMT) to $660 from $535 and keeps a Neutral rating on the shares following a “clean quarter” that featured strong customer demand signals and a “robust” initial outlook for 2026. However, with almost $4B of program charges over the past two years, Lockheed still must prove to investors its ability to execute and manage risk, the analyst says.