Citigroup analyst John Godyn upgraded Lockheed Martin (LMT) from Neutral to Buy on July 1, 2026.
Godyn raised the price target for the defense contractor from $571 to $582.
The upgrade stems from an attractive valuation and exposure to the fast-growing Missiles and Fire Control division.
Lockheed Martin historically rebounds sharply following quarterly downturns in the defense sector.
The analyst expects the company to navigate political uncertainty while delivering a favorable risk-reward profile for investors.