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How Have Analysts’ Target Prices for Lockheed Martin Changed?

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Jul. 19 2016, Updated 11:06 a.m. ET

Analysts’ recommendations

The consensus rating among the 17 analysts covering Lockheed Martin (LMT) has turned a bit bearish over the course of the year. The number of “buy” calls decreased from six at the beginning of January to four by July 11. The number of “hold” ratings increased from ten to 11, and the number of “sell” ratings increased from one to two in the same period.

The change in ratings came from two research firms: EVA Dimensions and Stifel. The respective ratings of EVA Dimensions and Stifel are now “sell” and “hold.” However, the 12-month target prices for the stock don’t reflect this sentiment, as bullish and neutral banking (VFH) analysts have persistently raised their target prices for LMT over the course of the year.

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Notable target price revisions

The average 12-month target price for LMT rose from $229 at the beginning of January to $248 on July 11. Based on the stock’s price of $254.39 on July 11, this represents a potential fall of 2.5%. Among major banks (IYF), JPMorgan Chase (JPM), which has a “neutral” rating for the stock, has reduced its target price from $240 at the beginning of January to $235 on July 11. With a “sector perform” rating, RBC Capital Markets (RY) has raised its target price of $220 to $244 over the course of the year. Barclays (BCS), which has an “underweight” rating on the stock, has raised its target price from $210 to $225 over the same period.

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