Movement Alert｜Lockheed Martin Intraday Rise 3.03% in Regular Trading, Morgan Stanley Upgrades Rating to Overweight

Market Focus10-26 22:24

On October 26, Lockheed Martin posted an Intraday Rise of 3.03% in Regular Trading, with the stock trading at $622.62 and turnover of $278 million.

The immediate catalyst was a Morgan Stanley rating upgrade to Overweight from Equalweight, alongside an $835 price target, well above the FactSet-tracked analyst average target of $647.

The upgrade came shortly after Lockheed Martin’s latest quarterly report. On October 22, the company reported fiscal third-quarter EPS of $7.97 on revenue of $20.711 billion, both above consensus, and raised full-year guidance to revenue of $80 billion to $82 billion and EPS of $30.35 to $30.75. The company also disclosed a 10-year F-35 framework agreement with the Pentagon, reinforcing longer-term revenue visibility.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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