BUZZ-Citi lifts Lockheed Martin PT on legacy programs; flags supply-chain risks
Reuters04-02
BUZZ-Citi lifts Lockheed Martin PT on legacy programs; flags supply-chain risks
** Citi raises price target on Lockheed Martin LMT.N to $675 from $673; maintains "neutral" rating
** New PT represents a 9.3% upside on stock's last close
** Brokerage cites strong expected revenues from legacy programs and extensive portfolio geared towards hypersonics and potential exposure to Golden Dome
** However, says co's higher anticipated fixed-price contracting adds pressure to margins along with continued supply chain issues and bottlenecks
** As of last close, shares up 27.7% YTD
(Reporting by Parth Chandna)
((Parth.Chandna@thomsonreuters.com;))
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments