JPMorgan upgrades Lockheed Martin, says 'under-owned' defense stocks may find a bid in this 'dangerous' world

  • 📰 CNBC
  • ⏱ Reading Time:
  • 14 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 72%

Investment Strategy Notícia

Stock Markets,Lockheed Martin Corp,Israel

Lockheed Martin may be due for a short-term bounce as tensions flare in the Middle East, the bank said on Monday.

JPMorgan says Iran's drone attack on Israel over the weekend can drive a near-term surge in Lockheed Martin stock. The bank upgraded the defense stock, the prime contractor for the military's F-35 fighter jet, to overweight from neutral in a Monday note, and raised its price target to $518 per share from $475. JPMorgan's forecast implies roughly 15% upside from Lockheed's closing price of $450.40 on Friday. LMT YTD mountain Lockheed Martin stock.

In the short-term, JPMorgan analyst Seth Seifman says his bullish outlook on Lockheed could find more support from stepped-up military preparedness springing from the Middle East, especially since the defense sector is largely under-owned by institutional investors.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 12. in BR

Brasil Últimas Notícias, Brasil Manchetes