Goldman Sachs Upgrades Lockheed Martin

Goldman Sachs upgraded Lockheed Martin LMT from Sell to Neutral in a research report published today. Goldman Sachs has previously given Lockheed Martin a $68 price target. In the report, Goldman Sachs states, "We are upgrading Lockheed Martin (LMT) to Neutral from Sell. We remain Cautious on the Defense sector for many reasons and see a number of challenges ahead, but do believe some of them are increasingly known and closer to priced in." Shares of Lockheed Martin were trading at $72.97 at the time of posting, up 1.01% from Monday's market close.