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.
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