RBC Capital Upgrades Lockheed Martin (LMT) to Outperform

RBC Capital upgraded Lockheed Martin (NYSE: LMT) from Sector Perform to Outperform with a price target of $250.00 (from $220.00).

Analyst Robert Stallard highlighted the following key points: The US defense bellwether; F-35 supported by DoD and export demand; Interest rates probably a wash.

The firm left EPS estimates for 2016 and 2017 unchanged at $12.21 and $14.17 respectively.

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 $218.26 yesterday.

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