UPDATE: Jefferies Reiterates On Lockheed Martin To Allow For Interest Rates

In a report published Monday, Jefferies analyst Howard A. Rubel reiterated a Hold rating on

, and raised the price target from $172.00 to $175.00. In the report, Jefferies noted, “After figuring interest rates could go no lower, they have across the curve. Instead of a 3% 10 year, we have a 2.20% rate. The 30 year is not 4%, but trades closer to 3%. LMT's last mark of 4.25% for the discount rate for its pension plan seems high. We lower our 2015 estimate to $11.30 from $11.45.” Lockheed Martin closed on Friday at $189.15.