UPDATE: Lockheed Martin Upgrade from Bank of America
January 07, 2014 at 11:05 AM EST
In a report published Tuesday, Bank or America analyst Ronald Epstein upgrades Lockheed Martin (NYSE: LMT ) from a Neutral to a Buy rating, also raising price target to $170 from $135. The analyst noted, "We expect LMT to trade at a premium to defense pureplay peers due to its