Wells Fargo Maintains Underweight Rating for Lockheed Martin: Here's What You Need To Know

Wells Fargo has decided to maintain its Underweight rating of Lockheed Martin LMT and raise its price target from $415.00 to $417.00.

Shares of Lockheed Martin are trading up 1.5% over the last 24 hours, at $438.31 per share.

A move to $417.00 would account for a 4.86% decline from the current share price.

About Lockheed Martin

Lockheed Martin is the largest defense contractor globally and has dominated the Western market for high-end fighter aircraft since the F-35 program was awarded in 2001. Lockheed's largest segment is aeronautics, which is dominated by the massive F-35 program. Lockheed's remaining segments are rotary and mission systems, which is mainly the Sikorsky helicopter business; missiles and fire control, which creates missiles and missile defense systems; and space systems, which produces satellites and receives equity income from the United Launch Alliance joint venture.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: Analyst RatingsBZI-AAR-UPDATE
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