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Benzinga
Benzinga
Business
Akanksha Bakshi

Lockheed Martin Under Intense Wall Street Pressure On Mounting Program Risks, Q2 Woes

Lockheed Lockheed Martin LMT Noah Poponak Donald Trump IRS
Lockheed Martin

Lockheed Martin Corp. (NYSE:LMT) faces growing pressure from Wall Street after delivering mixed second-quarter results and absorbing nearly $1.6 billion in charges across key segments.

Goldman Sachs analyst Noah Poponak reiterated a Sell rating on Lockheed Martin and lowered his 12-month price forecast to $398 from $406. He pointed to ongoing problems that could hurt profits, reduce cash flow, and make future earnings less predictable.

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