Wells Fargo analyst Sarah Akers maintains $Lockheed Martin (LMT.US)$ with a hold rating, and adjusts the target price from $543 to $500.
According to TipRanks data, the analyst has a success rate of 64.7% and a total average return of 8.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Lockheed Martin (LMT.US)$'s main analysts recently are as follows:
Barclays foresees aerospace poised to generate positive relative earnings growth, with the potential for more significant contributions coming from original equipment rather than aftermarket by 2025. In contrast, the defense sector continues to face challenges, largely attributed to greater fiscal uncertainties and concerns about the effectiveness of governmental budget allocations.
The commercial aerospace sector maintains a cautious outlook regarding the pace of original equipment manufacturing build ramp, consistent with the perspective from December. Late Q4 discussions support this cautious stance. In defense, funding concerns and budgeting risks could continue to overshadow the sector, and the final quarter is expected not to provide significant clarity. Lockheed Martin may consider pre-funding its 2025 pension payments and/or executing remaining option charges for model financial control in Q4, both actions potentially viewed positively. The outlook for government services might see modest enhancements, tempered by the uncertainty surrounding the continuing resolution extension into March.
The revenue outlook for Defense and IT services is considered balanced but devoid of significant positive catalysts, particularly within the Aerospace and Defense Electronics sector. Looking into 2024, Commercial Aero remains the preferred sector, with no apparent reasons to alter this preference. For 2025, the focus shifts towards names that are heavily involved in aftermarket services.
Note:
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