Credit Suisse Reinstates Lockheed Martin (LMT) at Neutral

Credit Suisse reinstates coverage on Lockheed Martin (NYSE: LMT) with a Neutral rating and a price target of $210.00.

Analyst R. Spingarn commented, "Following the completion of the acquisition of Sikorsky from UTX on 11/06/2015, we reinstate coverage of LMT with a Neutral rating and $210 TP. Our forecasts have been updated to reflect the inclusion of Sikorsky, and we continue to embed the businesses at IS&GS and MFC that are under strategic review. Lockheed continues to be one of the highestquality names in defense, but we view the stock as fairly valued at its current multiple."

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 $222.39 yesterday.

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