From The Motley Fool · Rich Smith · · 50s
Lockheed Stock Rises on UBS Buy Rating
UBS upgrades Lockheed Martin stock to buy with $674 target after predicting 26% sales growth.
In brief
UBS upgrades Lockheed Martin stock to buy with $674 target after predicting 26% sales growth. Lockheed Martin stock rose 1.08% to $629.75 after UBS analyst Gavin Parsons upgraded it to 'buy' with a $674 price target. Originally reported by The Motley Fool.
UBS Upgrades Lockheed Stock
UBS analyst Gavin Parsons upgraded Lockheed Martin stock to 'buy' with a $674 price target, predicting 26% sales growth over the next few years.
“26% upside”
Third Straight Day of Gains
Lockheed stock gained 2.5% today, marking its third consecutive day of gains since UBS upgraded it on Sept. 8.
20% Annual Sales Growth
UBS expects Lockheed's Missiles and Fire Control division to grow sales 20% annually through 2030, adding $7bn to revenue.
“$7bn”
Profitability Advantage
Lockheed's Missiles and Fire Control division delivers 13% operating profit margins versus the company's overall 10.7% profitability.
“13% operating profit margins”
The main idea
Lockheed Martin stock rose 1.08% to $629.75 after UBS analyst Gavin Parsons upgraded it to 'buy' with a $674 price target.
