Why Lockheed Martin Stock Keeps Going Up
Yahoo Finance ·
Lockheed Martin ( LMT +2.23% ) had a terrific Q2, and reported powerful profits and sales in its Q2 earnings report yesterday -- topping off the report with raised guidance . Wall Street is applauding, with no fewer than five separate analysts raising price targets on Lockheed Martin stock today. Shares of the defense giant are up for a second day running in response, gaining 2.1% through 2:05 p.m. ET, and topping $580 a share. Lockheed grew sales by 11% in Q2 and profits by 444%. Free cash flow flipped from negative $150 million to positive $2.9 billion . Commenting on the results, Swiss bank UBS highlights "strong demand" for Lockheed Martin's products, paired with increasing production capacity geared to meet that demand -- and grow sales and profits.
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Lockheed Martin (LOCKHEED MARTIN) recently announced strong operating income and sales performance in its recent 2Q earnings report, causing a upward revision to the guidance. Consequently, more than five analysts on Wall Street have raised their price targets for Lockheed Martin stock. Lockheed Martin stock rose by 2.1% over two consecutive days and traded above $580.
상승 영향
- Defense — Strong demand for Lockheed Martin's products coupled with increasing production capacity, resulting in rising sales and operating income.
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