BUZZ-Street View: Lockheed set to grow as governments boost defense spending

Reuters01-30 22:44
BUZZ-Street View: <a href="https://laohu8.com/S/LMT">Lockheed</a> set to grow as governments boost defense spending

** Lockheed Martin LMT.N on Thursday announced a profit-sharing deal with the U.S. government tied to air defense missile production, after forecasting 2026 profit and revenue above Wall Street expectations, citing strong demand for its fighter jets and weapons

** Median PT of 24 brokerages covering the stock is $601.5 - data compiled by LSEG

MISSILES AND MONEY

** J.P. Morgan ("neutral," PT: $680) said: "Big picture, the multi-year agreements the DoD is seeking appear to offer contractors like Lockheed a return on capital that is quite appealing"

** Truist Securities ("buy," PT: $695) said growth in Lockheed's Missiles and Fire Control business was driving stronger top-line momentum and improving cash generation

** TD Cowen ("hold," PT: $670) said: "Q4 revealed greenshoots, including exceptional cash generation and long-term missile contracts with attractive terms, which should help sustain the stock's upward re-rating"

** BofA Global Research said: "LMT is expected to execute well given the current geopolitical climate and remain an excellent credit with strong fundamentals"

(Reporting by Rashika Singh in Bengaluru)

((rashika.singh@thomsonreuters.com))

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