LOCKHEED MARTIN : Jefferies confirms its recommendation on the stock
After meeting with Jay Malave, Lockheed Martin's CFO, Jefferies reiterates the company's 5-year growth target of 3.3% CAGR.
The analyst cites a margin restoration of11% by 2026.
'FCF is expected to decline slightly due to pension contributions, but management will maintain deployment levels to achieve a compound annual growth rate of 4.3% through 2026', stresses the broker.
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