Standpoint Research Upgrades Lockheed Martin (LMT) to Buy
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Price: $540.33 -1.52%
Rating Summary:
16 Buy, 18 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 27
Rating Summary:
16 Buy, 18 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 27
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Standpoint Research upgraded Lockheed Martin (NYSE: LMT) from Hold to Buy with a price target of $85.00.
Standpoint analyst, Ronnie Moas, said, "LMT, market capitalization $24 bln, hiked its dividend today by 33% from $0.75 to $1.00...the company also added $2.5 bln to its repurchase authorization...the shares are now trading at 8X estimates for next year and the ($4 dividend) yield is topping 5.3%."
For more ratings news on Lockheed Martin click here and for the rating history of Lockheed Martin click here.
Shares of Lockheed Martin closed at $72.65 yesterday.
Standpoint analyst, Ronnie Moas, said, "LMT, market capitalization $24 bln, hiked its dividend today by 33% from $0.75 to $1.00...the company also added $2.5 bln to its repurchase authorization...the shares are now trading at 8X estimates for next year and the ($4 dividend) yield is topping 5.3%."
For more ratings news on Lockheed Martin click here and for the rating history of Lockheed Martin click here.
Shares of Lockheed Martin closed at $72.65 yesterday.
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