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Credit Suisse lowers defense sector outlook

  • Reiterates a Neutral rating on Lockheed Martin (NYSE:LMT). Lowered PT to $335 from $380.
  • Raytheon (NYSE:RTN) -1.4% premarket, with a downgrade to Neutral from Outperform. Lowered PT to $219 from $250.
  • Holds rating of L3 Technologies (NYSE:LLL) at Outperform. Decreased PT to $218 from $244.
  • Keeps Huntington Ingalls' (NYSE:HII) rating at Neutral. Lowered PT to $259 from $301.
  • Reiterates an Outperform rating on General Dynamics (NYSE:GD). Lowered PT to $234 from $263.

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Lockheed Martin Corporation