Analysts Offer Insights on Conglomerates Companies: Lsi Industries Inc. (NASDAQ: LYTS) and Lockheed Martin Corp. (NYSE: LMT)

By Carrie Williams

Companies in the Conglomerates sector have received a lot of coverage today as analysts weigh in on Lsi Industries Inc. (NASDAQ: LYTS) and Lockheed Martin Corp. (NYSE: LMT).

Lsi Industries Inc. (NASDAQ: LYTS)

Canaccord Genuity analyst John Quealy reiterated a Buy rating on Lsi Industries Inc. (NASDAQ: LYTS) yesterday and set a price target of $12. The company’s shares closed yesterday at $9.63.

Quealy commented:

“We continue to find a compelling combination of a newer management team driving accelerated growth investments (digital signage/smart lighting/graphic technologies) and the optimization of the underlying operational footprint.”

According to TipRanks.com, Quealy is a 4-star analyst with an average return of 4.2% and a 49.2% success rate. Quealy covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Darling Ingredients, and Ceco Environmental.

Lsi Industries Inc. has an analyst consensus of Moderate Buy, with a price target consensus of $12.

Lockheed Martin Corp. (NYSE: LMT)

In a report released today, David E. Strauss from UBS reiterated a Hold rating on Lockheed Martin Corp. (NYSE: LMT), with a price target of $262. The company’s shares closed yesterday at $265.93, close to its 52-week high of $269.74.

E. Strauss said:

“We believe a Republican sweep increases the likelihood that sequestration is undone with the base budget returning to pre-sequestration levels similar to the FY12 proposal (Gates budget) at $560-615B, roughly 10-15% higher from current levels. We believe that in this budget backdrop that LMT could generate high single digit revenue and pre pension EBIT and FCF growth.”

According to TipRanks.com, Strauss is a 4-star analyst with an average return of 7.3% and a 73.0% success rate. Strauss covers the Industrial Goods sector, focusing on stocks such as United Technologies Corp., General Dynamics Corp., and Transdigm Group Inc.

Currently, the analyst consensus on Lockheed Martin Corp. is Moderate Buy and the average price target is $270.50, representing a 1.7% upside.

In a report issued on November 10, Barclays also upgraded the stock to Hold with a $275 price target.