Lockheed Martin: Missile Boom and F-35 Deal Propel Stock Higher!

Trigger: Quarterly results exceeded expectations, the second consecutive upward revision of forecasts, and a long-term F-35 framework agreement with the Pentagon triggered a surge in buying on Thursday. Analyst Boost: Morgan Stanley upgraded the stock to Overweight, estimating nearly 40% price potential – several major firms are raising their price targets accordingly. Outlook: Multi-year missile contracts and a record order backlog secure growth for years – the profitability of the new F-35 contracts will be crucial in the end. ...