Market Overview

UPDATE: Jefferies Reiterates Hold Rating, Raises PT on Lockheed Martin Corporation

Related LMT
Aerospace & Defense Stock Outlook - April 2014 - Industry Outlook
Aerospace & Defense Stock Outlook - April 2014 - Zacks Analyst Interviews

In a report published Friday, Jefferies reiterated its Hold rating on Lockheed Martin Corporation (NYSE: LMT), and raised its price target from $88.00 to $95.00.

Jefferies noted, “LMT reported Q4:12 EPS of $1.73 vs. $2.14 a year ago and our estimate of $1.79. Excluding one time items Adjusted EPS were $1.98. During the quarter LMT made a $2.5BB discretionary pension contribution, which we believe is a thoughtful use of capital to reduce longterm costs. We are raising our 2013 EPS to $9.00 from $8.30.”

Lockheed Martin Corporation closed on Thursday at $93.25.

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Most Popular

Related Articles (LMT)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free