Standpoint Research Upgrades Lockheed Martin

Standpoint Research upgraded its Lockheed Martin LMT rating from Hold to Buy in a research report published today. Standpoint Research has an $85 price target on Lockheed Martin shares. In the report, Standpoint Research states, " The company has increased its dividend by more than 10% each year for the past seven consecutive years, and now has a yield of 4%. Investors may not look favorably on the company as uncertainty over spending by the Department of Defense lingers; however, shareholders are being compensated (4%) to hold the stock over this period. Defense stocks remain an industry for investor refuge." Shares of Lockheed Martin closed today at $73.14, up 0.89% from Wednesday's market close.