Lockheed Martin faces earnings risks as Jefferies lowers its price target amid weaker aeronautics and space margins.
Jefferies reduced Lockheed Martin’s (LMT) share price target to $575 from $595, maintaining a Hold rating. The bank cited potential earnings misses due to weaker margins in aeronautics and space, despite expected 5% revenue growth in Q2.
Lockheed Martin’s stock has risen 16.4% over the past year and 9.8% year-to-date. The firm recently secured over $350 million in foreign military sales contracts and demonstrated drone defense capabilities in early June.
Investor letters highlighted defense sector strength, with LMT up 25% in Q1 2026, driven by global conflicts and NATO tensions.