Lockheed Martin Stock Upgraded on Growing Geopolitical Risk

U.S.-based defense stocks are on the rise today, as tensions build in the Middle East. Following a retaliatory attack by Iran on Israel over the weekend, J.P. Morgan Securities upgraded Lockheed Martin Corp (LMT) to "overweight" from "neutral," with a price-target hike to $518 from $475. At last glance, LMT was up 1.1% at $455.13, and trading at its highest levels since late January. The equity is fresh off a weekly loss, which snapped a five-week win streak after the stock's rebound from its February lows. ...