Lockheed Martin first-quarter sales miss estimates; shares drop

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Lockheed Martin (LMT) PT Raised to $300 at Stifel Following 1Q Report; '1Q Results Soft, ’17 Revenue & Cash Guidance Raised'

April 26, 2017 7:01 AM EDT

Stifel raised its price target on Lockheed Martin (NYSE: LMT) to $300.00 (from $290.00) while maintaining a Buy rating, following the company's first quarter report.

Analyst Joseph DeNardi notes the company reported EPS below estimates due to lower margins from the RMS segment and lower... More