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Enter Symbol:
Rating: LMT
Neutral $230

Lockheed Martin Corporation (NYSE: LMT) downgraded to Neutral with price target $230 by JP Morgan

Monday,  Oct 12, 2015  10:25 AM ET by Dave Ficere

JP Morgan downgraded Lockheed Martin Corporation (NYSE: LMT) to Neutral with price
target $230. Previously JP Morgan rated Overweight with price target $90 Lockheed Martin Corporation (NYSE: LMT) on 07/22/2009, when the stock price was $76.32.

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.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.

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