Jefferies Lowers Price Target on Lockheed Martin (LMT) Despite New Contract Modification
Jefferies reduced its price target for Lockheed Martin Corporation (NYSE:LMT) to $595 from $640 while maintaining a Hold rating, citing in-line Q1 performance. Separately, LMT received an additional $407.16 million contract modification under the Aegis Ballistic Missile Defense program, increasing the total value of the contract to $1.94 billion.
Tickers: $LMT
Topics: aerospace analyst rating contract award defense