Morgan Stanley has a stark message on Lockheed Martin stock

Morgan Stanley reiterated its Equalweight rating and $675 price target on Lockheed Martin (LMT) following the company's announcement of a new framework agreement with the Department of War to quadruple production of the Precision Strike Missile. LMT shares were trading at $621.73 at the time of the note, up 27% over the past six months. The $675 target implies approximately 8.5% upside from that level. Morgan Stanley described the deal as consistent with and additive to Lockheed's broader munitions accele ...