Jefferies Sticks to Its Hold Rating for Lockheed Martin (LMT)
In a report released today, Sheila Kahyaoglu from Jefferies maintained a Hold rating on Lockheed Martin, with a price target of $595.00.
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According to TipRanks, Kahyaoglu is a 5-star analyst with an average return of 13.7% and a 61.21% success rate. Kahyaoglu covers the Industrials sector, focusing on stocks such as Boeing, American Airlines, and General Dynamics.
In addition to Jefferies, Lockheed Martin also received a Hold from Morgan Stanley’s Kristine Liwag in a report issued on July 24. However, on the same day, Susquehanna maintained a Buy rating on Lockheed Martin (NYSE: LMT).
Based on Lockheed Martin’s latest earnings release for the quarter ending June 28, the company reported a quarterly revenue of $20.06 billion and a net profit of $1.84 billion. In comparison, last year the company earned a revenue of $18.16 billion and had a net profit of $342 million
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