Wells Fargo Upgrades Lockheed Martin Corporation to Outperform

Brokerage firm Wells Fargo Upgrades its rating on Lockheed Martin Corporation(NYSE:LMT). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by Wells Fargo was issued on Sep 19, 2016.

In a different note, On Sep 7, 2016, Citigroup said it Maintains its rating on Lockheed Martin Corporation. In the research note, the firm Raises the price-target to $239.00 per share. The shares have been rated ‘Buy’ by the firm. On Sep 6, 2016, Citigroup said it Maintains its rating on Lockheed Martin Corporation. In the research note, the firm Raises the price-target to $239.00 per share. The shares have been rated ‘Buy’ by the firm. JP Morgan said it Initiates Coverage on Lockheed Martin Corporation, according to a research note issued on Aug 25, 2016. The shares have been rated ‘Neutral’ by the firm. On Aug 24, 2016, Goldman Sachs said it Reinstates its rating on Lockheed Martin Corporation. The shares have been rated ‘Neutral’ by the firm.

Lockheed Martin Corporation (LMT) made into the market gainers list on Thursdays trading session with the shares advancing 1.15% or 2.8 points. Due to strong positive momentum, the stock ended at $246.62, which is also near the day’s high of $247.03. The stock began the session at $244.95 and the volume stood at 11,73,013 shares. The 52-week high of the shares is $266.93 and the 52 week low is $199.01. The company has a current market capitalization of $74,703 M and it has 30,29,05,790 shares in outstanding.

Lockheed Martin Corporation(LMT) last announced its earnings results on Jul 19, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $12.91B. Analysts had an estimated revenue of $12.56B. Earnings per share were $3.32. Analysts had estimated an EPS of $2.93.

Several Insider Transactions has been reported to the SEC. On Aug 5, 2016, Sondra L Barbour (Executive Vice President) sold 66,460 shares at $255.89 per share price.Also, On Apr 29, 2016, Maryanne Lavan (SVP & General Counsel) sold 21,720 shares at $233.17 per share price.On Apr 29, 2016, Marillyn A Hewson (Chairman, Pres. & CEO) sold 25,000 shares at $233.38 per share price, according to the Form-4 filing with the securities and exchange commission.

Lockheed Martin Corporation is a global security and aerospace company. The Company is engaged in the research design development manufacture integration and sustainment of advanced technology systems products and services. The Company operates in five segments: Aeronautics Information Systems & Global Solutions (IS&GS) Missiles and Fire Control (MFC) Mission Systems and Training (MST) and Space Systems. The Company provides a range of management engineering technical scientific logistics and information services. The Company’s areas of focus are in defense space intelligence homeland security and information technology including cyber security. It serves both the United States and international customers with products and services that have defense civil and commercial applications.

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