Analysts Lift Price Targets but Stay Cautious on Lockheed Martin (LMT)

Core Viewpoint - Lockheed Martin Corp. is recognized as a strong defense stock, with analysts raising price targets while maintaining cautious ratings due to potential impacts from government shutdowns and one-off charges affecting cash flows [1][2][3]. Group 1: Analyst Ratings and Price Targets - Truist Securities analyst Michael Ciarmoli raised the price target for Lockheed Martin from $440 to $500 but maintained a Hold rating, citing improved sentiment towards aircraft OEM production and aftermarket demand trends [1]. - RBC analyst Kenneth Herbert also raised the price target from $440 to $525 while keeping a Hold rating, believing the company can meet its free cash flow target supported by a $24 billion contract for 296 jets [3]. Group 2: Financial Actions and Performance - Lockheed Martin increased its share repurchase program authorization by $2 billion, bringing the total to $9.1 billion [4]. - The company raised its dividend for Q4 to $3.45, reflecting a 5% increase over the previous quarter [4]. Group 3: Company Overview - Lockheed Martin is a global aerospace and defense company known for advanced technology systems, products, and services, operating through segments such as Aeronautics and Missiles and Fire Control, with notable products like the F-35 fighter jet [5].