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Bernstein Upgrades Lockheed Martin; Increases Price Target (LMT)
Bernstein reported on Monday that they have upgraded aerospace company, Lockheed Martin Corporation(LMT
) to “Outperform,” and has increased its price target.
The firm upgraded Lockheed Martin from “Market Perform” to “Outperform,” and increased its price target from $105 to $111. This price target suggests a 17% increase over the stock’s current price of $91.83.
Analysts are predicting a better outlook for the F-35. Additionally, the company is expected to see international growth and strong margins.
Lockheed Martin shares were up $1.21, or 1.32% during premarket trading Monday. The stock is up 13.51% YTD.
The Bottom Line
We have been recommending shares of Lockheed Martin (LMT) since Sept.23, 2011, when the stock was trading at $73.14. The company has a 5.01% dividend yield, based on Friday’s closing stock price of $91.83.
Lockheed Martin Corporation(LMT) is a “Recommended” dividend stock at this time, holding a Dividend.com DARS™ Rating of 3.6 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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