Rothschild & Co Initiates Coverage of Lockheed Martin with Buy
Fintel reports that on October 6, 2026, Rothschild & Co initiated coverage of Lockheed Martin (NYSE:LMT) (SWX:LMT) with a Buy recommendation.
Lockheed Martin Corporation, based in the United States, is a global aerospace, defense, security, and advanced technologies company. The company is involved in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. Its key projects include the F-35 Lightning II fighter jet and the Aegis Combat System, and the company also invests in space technology.
Prior to the rating action, the stock closed at $506.63 on October 5, 2026. This latest close of $506.63 represents a price change of -2.21% over one week from a baseline close of $518.10 on September 28, 2026. Over a one-month period, the stock experienced a price change of -3.55% from a baseline close of $525.28 on September 4, 2026.
Separately from Rothschild & Co's initiation, 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 represents an implied change of +28.91%. The prior consensus target mean was $654.28 as of September 15, 2026, representing a consensus target revision of -0.18%.
Lockheed Martin last reported earnings on July 23, 2026, posting an actual EPS of 7.94 against an estimate of 7.1846, which is a surprise of +10.51%. Actual revenue was $20,063,000,000.00 compared to the estimated $19,537,929,557.00. The company's upcoming earnings date is scheduled for October 22, 2026, before the market open.
In the recommendation period of September 1, 2026, the aggregate analyst sentiment consisted of 6 strong buy, 7 buy, 14 hold, 1 sell, and 0 strong sell recommendations, totaling 28 recommendations. This breakdown reflects 46.4% positive, 50.0% hold, and 3.6% negative recommendations, which remained unchanged from the prior recommendation period of August 1, 2026. Additionally, UBS upgraded the stock from Neutral to Buy on September 8, 2026.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| October 6, 2026 | Rothschild & Co | Buy | initiated coverage | |
| September 8, 2026 | UBS | Neutral | Buy | upgrade |
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This story originally appeared on Fintel.