Lockheed Martin's Greatest Upside Potential Is In Space: Analyst Sees Dividend Hikes, Buyback Top Ups
Lockheed Martin(LMT) Benzinga·2024-10-04 03:24
Deutsche Bank analyst Scott Deuschle maintains Lockheed Martin Corporation LMT with a Buy, raising the price forecast from $600 to $620.The analyst suggests that Lockheed Martin likely prefunds its pension in the fourth quarter, although the company may delay a formal announcement until after it’s completed.Deuschle adds that the associated debt issuance for this funding is expected to occur sooner.The analyst forecasts third-quarter EPS of $6.70, approximately 4% above the Street’s estimate of $6.47.Deusch ...