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Cowen analyst Cai von Rumohr downgraded Lockheed Martin Corp (NYSE:LMT) to Market Perform from Outperform and lowered the price target to $375 (implying an upside of 6.55%) from $400. The analyst feels Lockheed Martin still offers well-supported peer-hi yields on its dividend and free cash flow; its relative upside looks capped by pared F-35 delivery plans, disappointing initial 2022 guidance, and other overhangs.
...read full article on Benzinga
