Barclays Initiates Coverage of Lockheed Martin at Equal-Weight
Fintel reports that on October 9, 2026, Barclays initiated coverage of Lockheed Martin (NYSE:LMT) (BMV:LMT) with a Equal-Weight recommendation.
Lockheed Martin Corporation, based in the United States, is a global aerospace, defense, security, and advanced technologies company. The company is significantly involved in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. Key projects include the F-35 Lightning II fighter jet and the Aegis Combat System. Prior to the rating action, the stock closed at $507.89 on October 8, 2026. This latest close represents a price change of +0.47% over one week, compared to a baseline close of $505.50 on October 1, 2026. Over a one-month period, the stock experienced a price change of -5.27% from a baseline close of $536.15 on September 8, 2026.
In its latest earnings report on July 23, 2026, Lockheed Martin reported an actual EPS of 7.94, compared to the estimated EPS of 7.1846, representing an EPS surprise of +10.51%. The company's actual revenue for the quarter was $20,063,000,000.00, compared to the estimated revenue of $19,537,929,557.00. The company's upcoming earnings date is scheduled for October 22, 2026, before the market opens.
Separately from the rating action by Barclays, the current consensus target mean for the stock was $653.09 as of October 2, 2026, with a median target of $653.82. This current mean target implies a change of +28.59% from the stock's previous levels. The prior consensus target mean was $654.28 as of September 15, 2026, reflecting a consensus target revision of -0.18%. In the current recommendation period starting September 1, 2026, the aggregate analyst recommendations consisted of 6 strong buy, 7 buy, 14 hold, 1 sell, and 0 strong sell recommendations, totaling 28 recommendations. This breakdown shows a positive recommendation share of 46.4%, a hold share of 50.0%, and a negative share of 3.6%, which remained unchanged from the prior recommendation period starting August 1, 2026.
On the same day as the Barclays initiation, TD Cowen maintained its Hold rating on Lockheed Martin with a from-rating of Hold and a to-rating of Hold on October 9, 2026. This was part of a total of 2 same-day actions, which included 0 upgrades, 0 downgrades, 1 initiation, and 1 maintained rating. Looking at other recent rating actions, Rothschild & Co initiated coverage of Lockheed Martin on October 6, 2026, with a Buy recommendation.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| October 9, 2026 | Barclays | Equal-Weight | initiated coverage | |
| October 9, 2026 | TD Cowen | Hold | Hold | maintained |
| October 6, 2026 | Rothschild & Co | Buy | initiated coverage |
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This story originally appeared on Fintel.