Bank of America Adjusts Lockheed Martin's Price Target Amid Earnings Concerns

Lockheed Martin (LMT) shares fell 4.6% after its first-quarter 2026 earnings report, underperforming the S&P 500. Bank of America (BAC) cut its price target for LMT to $600 from $660, citing concerns about the company's near-term financial visibility despite reaffirming its full-year outlook. The move reflects uncertainty about the path to future defense spending growth.

By Mwangi Enos Mon, April 27, 2026 at 7:47 PM GMT+3 6 min read · Yahoo Finance · April 27, 2026, 16:47 UTC

Tickers: $BAC $LMT

Topics: Bank of America Defense Industry Earnings Report Lockheed Martin Stock Price Target

Read the full article at Yahoo Finance

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