Information Provided By:
Fly News Breaks for July 6, 2016
LDOS, LMT
Jul 6, 2016 | 08:35 EDT
Cowen analyst Cai von Rumohr raised his price target for Lockheed Martin (LMT) to $260 from $240 to reflect the company's increased relative "safe haven outlook" post-Brexit. The analyst believes the company's expected "solid" Q2 and the upcoming Leidos (LDOS) RMT transaction should sustain Lockheed Martin's beat and raise record while slightly increasing organic revenue growth in 2017. Cowen has a Market Perform rating on Lockheed Martin's shares.