Deutsche Bank Upgrades Lockheed Martin (LMT) to Buy

November 9, 2016 7:08 AM EST
Get Alerts LMT Hot Sheet
Price: $259.53 +0.11%

Rating Summary:
    12 Buy, 15 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 21 | Down: 36 | New: 11
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Deutsche Bank upgraded Lockheed Martin (NYSE: LMT) from Hold to Buy. Analyst Myles Walton thinks a best scenario for defense stocks could play out.

"Given the election outcome, we’ve upgraded shares of LMT to Buy from Hold on DD upside to our existing price target coupled with the recent pullback in the name on F-35 contractual issues that we see as overblown. Among the large-cap defense names, LMT carries the most attractive cash flow yield of 6% among larger cap defense names and an EPS CAGR in the mid-teens through 2020," said Walton.

For an analyst ratings summary and ratings history on Lockheed Martin click here. For more ratings news on Lockheed Martin click here.

Shares of Lockheed Martin closed at $239.19 yesterday.



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