Bank of America sends strong message on Lockheed Martin stock
View original at finance.yahoo.comBank of America sends strong message on Lockheed Martin stock Toward the end of the week that ended on April 25, I covered a piece on Lockheed Martin CEO Jim Taiclet, calling the current defense environment a "golden opportunity," and a rare moment of unguarded enthusiasm from the leader of the world's largest defense…
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The burden of proof for Lockheed Martin now falls squarely on the second half of 2026, and the path to the anticipated munitions ramp-up is not as clean as the bull case suggests.
60% confidenceLockheed Martin is caught between a classified rock and a generational demand opportunity, with near-term financial visibility clouded by classified program execution risk and pressured cash flow.
60% confidenceLockheed Martin's 2026 free cash flow is estimated at $6.49 billion, down from prior estimate of $6.70 billion.
60% confidenceLockheed Martin's 2027 free cash flow is estimated at $7.44 billion, down from prior estimate of $8.08 billion.
60% confidenceThe current defense environment is a golden opportunity and a rare moment of unguarded enthusiasm for the defense sector.
60% confidenceBank of America reiterates a Neutral rating on Lockheed Martin and cuts its price objective to $600 from $660.
60% confidenceLockheed Martin reaffirmed its full-year outlook following Q1 2026 earnings.
60% confidenceBofA lowered its price objective based on a 13x EV/EBITDA multiple on 2027 estimates, down from 14x previously, reflecting lower estimates, sector de-rating, and lack of visibility on classified programs.
60% confidence
Data points we hold from this source
| Lockheed Martin Corporation · eps | 37.75 USD |
| Lockheed Martin Corporation · cash | 7.44 USD |