Lockheed Martin gains on UBS upgrade to Buy
+2.07% to $536.15 from $525.28
What moved LMT
- UBS upgraded Lockheed Martin’s rating, citing the F-35 fighter-jet franchise and missile sales as drivers of earnings growth it said investors currently underappreciate.
- UBS projected roughly 150% revenue growth from 2025 to 2030 for Lockheed’s missiles and fire-control segment, based on multi-year production frameworks.
- Shares also drew support from a broader defense-sector rally tied to escalating Middle East tensions.
Sources: CNBC · Investing.com · Bloomberg