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