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<ul>
	<li>RBC Capital&nbsp;analyst Ken Herbert initiated coverage on&nbsp;Lockheed Martin Corp&nbsp;LMT&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/quote/LMT/analyst-ratings" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">with a Sector Perform rating and a price target of $460</a>, implying an upside of 7.9%.</li>
	<li>The analyst mentions that as the largest defense contractor globally, LMT is often viewed as a proxy for the sentiment on the defense sector.</li>
	<li>Herbert stated that the defense fundamentals have positively inflected. LMT will see LSD top-line growth due to a flat outlook for the F-35, timing of new program awards, and a maturing of its legacy portfolio.</li>
	<li>New program wins could be positive catalysts, but stock reflects NGAD success, the analyst added.</li>
	<li>Herbert believes that the current budget environment will support growth in the classified and existing programs of record.</li>
	<li>Meanwhile, the analyst believes LMT will lag defense peers on a relative basis due to its slower top-line growth outlook and lack of near-term catalysts.</li>
	<li>Price Action:&nbsp;LMT shares are trading lower by 0.77% at $426.35 on the last check Tuesday.</li>
</ul>

Analyst Color

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Lockheed Martin Lags Defense Peers On Slower Top-Line Growth Outlook & Lack Of Catalysts, Says This Analyst - Lockheed Martin (NYSE:LMT)

Akanksha Bakshi

Lockheed Martin

Aerospace & Defense

Briefs

Industrials

Lockheed Martin Lags Defense Peers On Slower Top-Line Growth Outlook & Lack Of Catalysts, Says This Analyst

Lockheed Martin Corp

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