Lockheed Martin Faces Cautious Calls Before Q4 as Downgrades Flag Cash-Flow Strain
Analysts expect quarterly EPS of $6.33, 17.5% below last year.
Overview
- JP Morgan cut the stock to Neutral on Dec. 19, citing pension-related outflows that could curb cash generation, and lifted its price target to $515.
- Morgan Stanley downgraded the shares to Equal Weight on Dec. 16 and reduced its price target to $543 from $630 as part of its sector outlook.
- Wall Street’s consensus stance is cautiously positive with an average target near $524, implying roughly 8–9% upside from recent levels.
- Forecasts point to full-year 2025 EPS of $27.79 with a rebound to $29.56 in 2026, based on aggregated analyst estimates.
- Lockheed beat in Q3 with EPS of $6.95 and raised 2025 guidance, yet the stock fell 3.2% that day, and the impending Q4 report is viewed as the next catalyst.