Lockheed Martin (LMT) Tops Q1 EPS by 59c, Beats on Revenue; Offers FY24 Guidance
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Go back to Lockheed Martin (LMT) Tops Q1 EPS by 59c, Beats on Revenue; Offers FY24 Guidance
April 25, 2024 5:24 AM EDT
Wells Fargo analyst Matthew Akers raised the price target on Lockheed Martin (NYSE: LMT) to $480.00 (from $460.00) while maintaining a Equal Weight rating.
The analyst comments "First TR-3 F-35 to be delivered in Q3, with fully-combat capable version in 2025. Production remains on track with... More
April 24, 2024 3:47 PM EDT
Deutsche Bank analyst Scott Deuschle raised the price target on Lockheed Martin (NYSE: LMT) to $487.00 (from $467.00) while maintaining a Hold rating.
The analyst comments "LMT reported solid 1Q24 results, with revenue 8% above Street, segment EBIT 5% above, EPS 11% above, and FCF 9% above. While street mis-modeling of the extra week certainly played a part in this quarter's outperformance vs. sell-side estimates, there were also pockets of fundamental outperformance, like on MFC top-line growth (+16% normalized), RMS growth (+8% normalized), or Space margins... More
