Analysts Offer Insights on Consumer Goods Companies: Lam Research (NASDAQ: LRCX) and Lockheed Martin Corp (NYSE: LMT)

By Ryan Adsit

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Lam Research (NASDAQ: LRCX) and Lockheed Martin Corp (NYSE: LMT).

Lam Research (NASDAQ: LRCX)

Berenberg Bank analyst Tammy Qiu assigned a Buy rating to Lam Research (NASDAQ: LRCX) on July 27 and set a price target of $200. The company’s shares closed on Friday at $161.60, close to its 52-week high of $170.

Currently, the analyst consensus on Lam Research is Strong Buy and the average price target is $200.86, representing a 24.3% upside.

In a report issued on July 27, KeyBanc also maintained a Buy rating on the stock with a $202 price target.
Lockheed Martin Corp (NYSE: LMT)

In a report issued on July 27, Charlotte Keyworth from Berenberg Bank assigned a Hold rating to Lockheed Martin Corp (NYSE: LMT), with a price target of $300. The company’s shares closed on Friday at $290.41, close to its 52-week high of $292.97.

Currently, the analyst consensus on Lockheed Martin Corp is Moderate Buy and the average price target is $298.17, representing a 2.7% upside.

In a report issued on July 13, Jefferies also reiterated a Hold rating on the stock with a $240 price target.

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