02:20 AM EDT, 10/27/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target price by $68 to $526, or 18.0x our 2026 EPS estimate, a premium to LMT's three-year average forward P/E of 17.6x but a discount to peers, which are trading at an average forward P/E of 25.4x. We raise our 2025 EPS estimate by $0.53 to $28.16 but we trim our 2026 EPS forecast by $0.33 to $29.20. Our higher assumed P/E multiple reflects improved near-term execution visibility following a clean Q3 2025 quarter and record backlog growth, while we maintain a valuation discount to peers given ongoing fixed-price contract risks and legacy program execution risks. LMT's Hold rating reflects a balanced risk-reward profile. Positive factors include record backlog providing multi-year revenue visibility, combat-proven platform demand (F-35, PAC-3), strong free cash flow generation ($6.6 billion 2025 guidance), and exposure to high-growth defense priorities. However, execution risks from legacy fixed-price contracts and the structural challenges of development programs warrant caution.