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

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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.

Latest Ratings for LMT

DateFirmActionFromTo
Aug 2017Morgan StanleyInitiates Coverage OnOverweight
Jan 2017RBC CapitalInitiates Coverage OnSector Perform
Dec 2016Deutsche BankMaintainsBuy

View More Analyst Ratings for LMT
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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