Lockheed Martin Started as a “Buy” at Nomura Securities (LMT)


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Defense contractor Lockheed Martin Corporation ( LMT ) on Wednesday saw its coverage intiated with a "Buy" rating by analysts at Nomura Securities.

The firm also set a $95 price target on LMT, which suggests an 18% upside to the stock's Tuesday closing price of $80.37. Lockheed stock has gained nearly 15% year-to-date, compared with a 4.5% gain in the benchmark S&P 500 Index.

Lockheed Martin shares were mostly flat in premarket trading Wednesday.

The Bottom Line
We have been recommending shares of Lockheed Martin ( LMT ) since Oct.1, 2010, when the stock was trading at $71.28. The company has a 3.73% dividend yield, based on last night's closing stock price of $80.37.

Lockheed Martin Corporation ( LMT ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Stocks

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