12:05 PM EDT, 04/24/2026 (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 decrease our 12-month target by $106 to $564, or 18.5x our 2027 EPS estimate, above LMT's three-year avg. fwd P/E of 17.9x but below peers' avg. of 23.5x. Following the disappointing Q1 results, we trim our EPS estimates: 2026 to $29.05 from $30.08 and 2027 to $30.50 from $31.92. While LMT reaffirmed full-year guidance and maintains a record $186B backlog, execution headwinds are mounting. Aeronautics posted a 140 bps operating margin decline on unfavorable F-16 charges ($125M) and persistent C-130 integration issues ($55M). Classified program risks remain elevated despite no Q1 charges. Cash flow deteriorated sharply with Q1 usage of $291M versus $955M generation last year due to working capital timing and ERP system implementation issues. We see margin pressure persisting through mid-2026 as production ramp investments weigh on near-term profitability. Capex guidance of $2.5B-$2.8B reflects aggressive capacity expansion that may pressure returns if multi-year munitions agreements face political uncertainty.