Lockheed Martin Corporation (LMT) was downgraded to Neutral from Overweight by JP Morgan on December 19 due to concerns about long-term cash flow estimates. Analysts anticipate pension-related outflows limiting cash flow growth, leading to skepticism about the projected 8% growth. JP Morgan raised its price target on LMT to $515 from $465 but advises caution in selecting defense stocks due to budgeting risks and political factors. Wall Street analysts currently have a consensus Hold rating for LMT with a one-year average share price target of $524.93, representing a 9% upside. The company, known for producing fighter jets like the F-35, is one of the largest defense contractors globally.

Read more at Yahoo Finance: JP Morgan Downgrades Lockheed Martin Corporation (LMT) Citing Cash Flow Concerns