Lockheed Martin price target raised to $660 from $590 at Susquehanna

Susquehanna raised the firm’s price target on Lockheed Martin (LMT) to $660 from $590 and keeps a Positive rating on the shares. The firm increased targets in the aerospace and defense group as part of its Q4 preview. The fundamental backdrop across commercial aerospace, defense, and aftermarket is “quite favorable,” the analyst tells investors in a research note. Susquehanna cites its bullish outlook across the submarkets over the medium-term for the target increases.