Stifel Upgrades Shares Of Lockheed Martin Corporation

On Tuesday, analysts at Stifel upgraded shares of Lockheed Martin Corporation LMT to Buy from Hold and raised the price target to $220.

Joseph DeNardi stated, “We believe the cash flow generation outlook for Lockheed’s core business, combined with the expected cash recovery from its pension over the next several years, should support continued growth in the company’s dividend and
share repurchase activity to a degree that will differentiate it from its peers.”

Other highlights include:

• Defense spending bottoming in fiscal year 2015.
• Analysts anticipate growth in F-35 sales as production rates increase.
• DeNardi believes Lockheed is the best way to play what we see as a challenging but stable outlook for defense budgets.

Shares of Lockheed Martin recently traded at $183.35 up 1.1 percent.