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Lockheed’s Yearslong F-35 Deal Drives New Morgan Stanley Bull

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Lockheed’s Yearslong F-35 Deal Drives New Morgan Stanley Bull Lockheed Martin Corp.’s multi-year fighter jet deal has won over one more Wall Street bull, who has also set a Street-high price target for the company. Morgan Stanley analyst Kristine T. Liwag raised the recommendation on the shares of the Maryland-based defense contractor to overweight from equal-weight and increased the price target to $835 from $690, implying upside of nearly 30% from Thursday’s close.

Lockheed’s Yearslong F-35 Deal Drives New Morgan Stanley Bull Lockheed Martin Corp.’s multi-year fighter jet deal has won over one more Wall Street bull, who has also set a Street-high price target for the company. Morgan Stanley analyst Kristine T. Liwag raised the recommendation on the shares of the Maryland-based defense contractor to overweight from equal-weight and increased the price target to $835 from $690, implying upside of nearly 30% from Thursday’s close.
Lockheed (ORG) Yearslong F-35 Deal Drives New Morgan Stanley Bull Lockheed’s (ORG) Yearslong F-35 Deal Drives New Morgan Stanley Bull Lockheed Martin Corp.’s (ORG) Morgan Stanley (ORG) Kristine T. Liwag (PERSON) Maryland (LOCATION)
Originally published by Bloomberg Markets Read original →