Lockheed Martin Reports Missed Earnings and Flat Sales, Leading to Analyst Downgrades
Lockheed Martin (LMT) reported earnings and sales that missed analyst expectations, leading to a 4% drop in its stock price. Analysts have since cut their price targets, with the most pessimistic suggesting a 13% upside from current levels. The company's book-to-bill ratio of 0.6 raised concerns about future sales growth.
Tickers: $LMT
Topics: Analyst price target cuts Defense industry Earnings miss Lockheed Martin stock decline