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LMT

Lockheed Martin

$280.51

0.8 (0.29%)

11:59
12/19/18
12/19
11:59
12/19/18
11:59

Lockheed's King Stallion helicopter program suffers delays, Bloomberg says

Development of Lockheed Martin's $31B King Stallion helicopter program is facing delays due to technical flaws found in testing, Bloomberg reports. The development phase of the program is "taking longer than planned" as "additional test failures or issues" are discovered during flight tests, and resolving the issues is forcing a major restructuring of the program. Flaws discovered so far include exhaust gas sucked back into the engine, limited service life for parts for the main rotor gearbox, deficiencies with the tail rotor and driveshaft and late deliveries of redesigned parts. The Defense Contract Management Agency estimates flight testing won't be complete until May 2020, or five months after the scheduled time to declare the helicopter has an initial combat capability. Reference Link

LMT Lockheed Martin
$280.51

0.8 (0.29%)

12/11/18
MSCO
12/11/18
NO CHANGE
MSCO
Morgan Stanley sees further room for Defense stocks to advance
Morgan Stanley analyst Rajeev Lalwani said he is constructive on Defense stocks following yesterday's 4% move up, noting that budgets now appear to be on a better track and point to growth again. Defense stocks have recently performed poorly, consistent with other Industrial sectors, he points out, adding that he thinks the sector should do well in a period of economic uncertainty. In terms of individual names, Lalwani said his preference remains Raytheon (RTN) and Lockheed Martin (LMT), on which he has Overweight ratings. He maintains an Underweight rating on General Dynamics (GD). Other publicly traded companies in the Defense space include BAE Systems (BAESY), Boeing (BA), Northrop Grumman (NOC), and United Technologies (UTX).
10/24/18
10/24/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Lockheed Martin (LMT) upgraded to Conviction Buy from Neutral at Goldman Sachs with analyst Noah Poponak raising his price target for the shares to $394 from $391. 2. Paccar (PCAR) upgraded to Overweight from Neutral at Piper Jaffray with analyst Alexander Potter saying Paccar's brands boasted the highest level of brand loyalty in his firm's survey of 743 U.S.-based fleets. 3. Morgan Stanley (MS) upgraded to Outperform from Market Perform at Wells Fargo with analyst Mike Mayo saying this means he now recommends 5 out of 5 of the largest U.S. wholesale banks. 4. 3D Systems (DDD) upgraded to Neutral from Underweight at Piper Jaffray with analyst Troy Jensen saying while Piper's Q3 survey "showed another poor performance" from 3D Systems' resellers, the company's "significant direct sales win" with Align Technology (ALGN) will continue to allow 3D Systems to report "impressive" year-over-year product growth for the next few quarters. 5. Lululemon (LULU) upgraded to Buy from Hold at Canaccord with analyst Camilo Lyon saying he recommends taking advantage of the recent 15% pullback as he believes the risk/reward is now skewed to the upside. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/24/18
FBCO
10/24/18
NO CHANGE
Target $357
FBCO
Neutral
Lockheed Martin price target lowered to $357 from $368 at Credit Suisse
Credit Suisse analyst Robert Spingarn lowered his price target for Lockheed Martin to $357 from $368 following quarterly results. The analyst reiterates a Neutral rating on the shares.
10/24/18
GSCO
10/24/18
UPGRADE
Target $394
GSCO
Conviction Buy
Lockheed Martin upgraded to Conviction Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Noah Poponak upgraded Lockheed Martin to Buy and added the shares to his firm's Conviction List. He also raised his price target for the shares to $394 from $391.

TODAY'S FREE FLY STORIES

AXP

American Express

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MFGP

Micro Focus

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Micro Focus

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MFGP

Micro Focus

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Breaking Periodicals news story on Micro Focus, OpenText »

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Micro Focus

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OpenText

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Micro Focus

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HOG

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14:49
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Harley-Davidson resumes LiveWire production, deliveries, TechCrunch says »

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FOMX

Foamix

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14:46
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CMCSA

Comcast

$45.60

-0.34 (-0.74%)

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Comcast

$0.00

(0.00%)

14:44
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14:44
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14:44
Periodicals
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CMCSA

Comcast

$45.60

-0.34 (-0.74%)

CMCSK

Comcast

$0.00

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T

AT&T

$38.38

0.555 (1.47%)

VIAB

Viacom

$22.13

-0.48 (-2.12%)

VIA

Viacom

$24.88

-0.72 (-2.81%)

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FDX

FedEx

$149.86

-0.805 (-0.53%)

14:38
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10/18
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PUMP

ProPetro Holding

$8.85

0.245 (2.85%)

14:35
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10/18
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Periodicals
ProPetro Holding under investigation by SEC, Reuters says »

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NLY

Annaly Capital

$8.77

0.1 (1.15%)

, IVZ

Invesco

$15.76

0.12 (0.77%)

14:26
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10/18
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Hot Stocks
Annaly Capital, Invesco named as stock picks by Bill Gross »

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NLY

Annaly Capital

$8.77

0.1 (1.15%)

IVZ

Invesco

$15.76

0.12 (0.77%)

D

Dominion

$82.18

-0.2 (-0.24%)

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BCS

Barclays

$8.49

0.12 (1.43%)

14:25
10/18/19
10/18
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Options
Barclays call volume above normal and directionally bullish »

Bullish option flow…

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$NSD

NASDAQ Market Internals

$0.00

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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

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14:16
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NYSE market internals summary »

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FANG

Diamondback Energy

$82.71

-1.42 (-1.69%)

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Options
Diamondback Energy put volume heavy and directionally bearish »

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QQQ

Invesco QQQ Trust

$192.00

-1.56 (-0.81%)

, SPY

SPDR S&P 500 ETF Trust

$298.50

-0.74 (-0.25%)

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On The Fly: ETF fund flow highlights »

For the week creations…

QQQ

Invesco QQQ Trust

$192.00

-1.56 (-0.81%)

SPY

SPDR S&P 500 ETF Trust

$298.50

-0.74 (-0.25%)

IWM

iShares Trust Russell 2000 Index Fund

$152.78

-0.56 (-0.37%)

XLU

Utilities SPDR

$63.76

0.16 (0.25%)

IVV

iShares Core S&P 500

$300.17

-0.76 (-0.25%)

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XEC

Cimarex Energy

$42.31

-0.36 (-0.84%)

14:05
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Options
Cimarex Energy call volume above normal and directionally bullish »

Bullish option flow…

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SPXC

SPX Corporation

$40.48

0.265 (0.66%)

13:58
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10/18
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WE

We Company

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(0.00%)

, JPM

JPMorgan

$120.80

0.41 (0.34%)

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SoftBank, JPMorgan submit competing rescue packages for WeWork, FT says »

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We Company

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JPM

JPMorgan

$120.80

0.41 (0.34%)

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SoftBank

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13:55
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General news
Action Economics Survey results: »

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JNJ

Johnson & Johnson

$129.11

-7.09 (-5.21%)

13:48
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Johnson & Johnson analyst commentary  »

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DIS

Disney

$131.17

-1.2 (-0.91%)

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Sony

$58.86

-1.195 (-1.99%)

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DIS

Disney

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SNE

Sony

$58.86

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T

AT&T

$38.09

0.27 (0.71%)

VIA

Viacom

$25.00

-0.6 (-2.34%)

VIAB

Viacom

$22.24

-0.37 (-1.64%)

CMCSA

Comcast

$45.49

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CMCSK

Comcast

$0.00

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LGF.A

Lionsgate

$8.50

-0.1 (-1.16%)

LGF.B

Lionsgate

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MAS

Masco

$43.82

0.18 (0.41%)

13:45
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Options
Masco call volume above normal and directionally bullish »

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IGT

International Game

$13.15

-0.25 (-1.87%)

13:25
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Options
International Game call volume above normal and directionally bullish »

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