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Enter Symbol:
 
Lockheed Martin Corporation (LMT) [hlAlert]

Rating:
Hold LMT

Lockheed Martin Corporation (LMT) rated Hold with price target $75 by Citigroup

Posted on: Thursday,  Apr 9, 2009  9:25 AM ET by Citigroup

Lockheed Martin (LMT)
rated Hold with price target $75 by Citigroup.

Lockheed Martin Corporation is a global security company that is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems and products. The Company provides a range of management, engineering, technical, scientific, logistic and information services. It serves both domestic and international customers with products and services that have defense, civil and commercial applications, with its principal customers being agencies of the United States Government. The Company operates in four segments: Electronic Systems, Information Systems and Global Services (IS&GS), Aeronautics and Space Systems. In September 2008, Lockheed Martin Corporation acquired Aculight Corporation. In January 2009, the Company completed its acquisition of Universal Systems & Technology, Inc. (UNITECH).In August 2009, the Company completed its acquisition of Gyrocam Systems LLC.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/9/2009 9:25 AM Hold
None
73.32 75.00
as of 12/24/2008
1 Week   
1 Month   
3 Months   
1 YTD up  5.12 %

(*) Stock Price at the time of the recommendation.
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