UBS Upgrades Lockheed Martin, Citing Underappreciated Earnings Potential
The bank raised its rating on the defense contractor to buy from neutral, according to a CNBC report.
UBS has upgraded Lockheed Martin to buy from neutral, according to a report published by CNBC on Monday.
The bank said the defense giant's earnings upside is not being fully appreciated by investors, CNBC reported, citing the UBS note.
Lockheed Martin, one of the world's largest defense contractors, has faced scrutiny from analysts over its earnings performance in recent periods. The upgrade suggests UBS sees stronger financial prospects ahead for the company than the market currently reflects in its share price.
Further details on the specific factors behind UBS's revised outlook, including any changed price target or projected earnings figures, were not included in the available excerpt of the report.
CNBC did not immediately provide additional commentary from Lockheed Martin in response to the rating change.
Sources
- Earnings upside for this defense giant isn't being appreciated by investors, says UBS — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
Related articles
Anduril Says U.S. Delay on Taiwan Arms Sales Is Affecting Its Business
Defense technology company Anduril says a slowdown in U.S. approval of arms sales to Taiwan is having an impact on its operations, according to a CNBC report.
Putin Says Russia's Defense Industry Leads in Producing Reliable Weapons
Russian President Vladimir Putin credited the country's defense sector with maintaining uninterrupted arms supplies to the armed forces, according to state news agency TASS.
Türkiye Approves Defense Industry Cooperation Agreement With Brazil
The agreement outlines cooperation on development, production, procurement and maintenance of defense products between the two countries
Dangote Refinery's $1.6 Billion Share Offer Seen as Out of Reach for Many Nigerians
Africa's richest man, Aliko Dangote, is seeking $1.6 billion from investors to fund a major expansion of his oil refinery, but analysts say the offer may be unaffordable for ordinary Nigerians.
Venezuela's PDVSA Signs Energy Cooperation Deal with TotalEnergies Subsidiary
Acting President Delcy Rodriguez oversaw the signing of an agreement between state oil company PDVSA and TotalEnergies E&P New Ventures in Caracas, according to Anadolu Agency.
Fair Featuring Veteran-Owned Businesses and Craft Producers Held at Carpathian Economic Forum
Event brought together local artisans and businesses run by veterans as part of a wider regional economic gathering
Comments
Loading comments…