Lockheed Martin Corporation (NYSE:LMT) has been upgraded from Market Perform to Outperform in a statement by Wells Fargo earlier today.
- Updated: September 19, 2016
Wells Fargo has upgraded Lockheed Martin Corporation(NYSE:LMT) from Market Perform to Outperform in a statement released on 9/19/2016.
Boasting a price of $237.45, Lockheed Martin Corporation (NYSE:LMT) traded 0.00% even on the day. The last close is down 0.65% relative to the 200-day moving average, compared to the S&P 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $251.40 and two hundred day average of $239.00. 7,510 shares of LMT traded hands, down from ann avg. volume of 3,619,910
Lockheed Martin Corporation has a PE of 20 with a one-year low of $199.01 and a 52 week high of $266.93 and has a market cap of $0.0.
In addition to Wells Fargo reporting it’s stock price target, a total of 16 brokers have released a ratings update on the company. The one year target price is $242.44 with six analysts rating the company a strong buy, four analysts rating the company a buy, eight analyts rating the stock a hold, one analyst rating the stock to underperform, and finally 0 brokeragesrating the company as sell.
Brief Synopsis About Lockheed Martin Corporation (NYSE:LMT)
Lockheed Martin Corporation is a global security and aerospace company. The Company is engaged in the research, design, integration and sustainment of advanced technology systems, products and services. It operates in five segments: Aeronautics; Information Systems & Global Solutions (IS&GS); Missiles and Fire Control (MFC); Mission Systems and Training (MST), and Space Systems. Its Aeronautics segment is engaged in the development, manufacture, support and upgrade of advanced military aircraft. The IS&GS provides network-enabled situational awareness and integrates global systems to help its customers gather, analyze and securely distribute critical data. Its MFC segment provides air and missile defense systems, and logistics services. Its MST segment provides manufacture, service and support for various military and civil helicopters. Its Space Systems segment is engaged in the design, and engineering and production of satellites.
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