BUZZ-Deutsche Bank downgrades Lockheed Martin rating to 'hold'

Reuters
02 Jan

** Deutsche Bank downgrades rating of defense contractor Lockheed Martin to "hold" from "buy"

** Brokerage says LMT's Q3 results contradict its upgraded thesis and long-term outlook for F-35 fighter jet orders is challenging, given China's recent advancements in combat aircraft

** 12 brokerages rate the stock "buy" or higher, 11 "hold" and 1 "sell"; their median PT is $605 - LSEG data

** Stock rose 6.5% in 2024

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10