Lockheed Martin stock jumps on defense-budget headlines and a Truist upgrade — what matters next
Lockheed Martin shares jumped 4.72% to $542.92 Friday after President Trump proposed a $1.5 trillion U.S. military budget for 2027. Truist Securities upgraded the stock to “buy” with a $605 target. The budget proposal faces congressional hurdles and could widen deficits, analysts warn. Lockheed reports quarterly results Jan. 29.