Lockheed Martin stock jumps on Truist upgrade as Trump payout order keeps defense names volatile
Lockheed Martin shares jumped 4.7% to $542.92 after Truist upgraded the stock to “Buy” and raised its price target to $605. The move comes as investors weigh President Trump’s order tying dividends and buybacks to defense delivery schedules. Lockheed reported record F-35 deliveries in 2025. The stock now trades near its 52-week high.