Report
Lockheed Martin stock gets a 38% upside forecast after F-35 framework agreement
CNBC reports Morgan Stanley upgraded the shares to overweight and raised its price target to $835 from $690.
TLDR
CNBC reports Morgan Stanley raised its Lockheed Martin price target from $690 to $835, implying 38% upside from Friday’s close. Analyst Kristine Liwag said the company’s 10-year framework with the US government for F-35 production takes significant risk out of the stock.
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