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Lockheed Martin Under Intense Wall Street Pressure On Mounting Program Risks, Q2 Woes

Lockheed Martin Corp. LMT faces growing pressure from Wall Street after delivering mixed second-quarter results and absorbing nearly 1.6billioninchargesacrosskeysegments.GoldmanSachsanalystNoahPoponakreiteratedaSellratingonLockheedMartinandloweredhis12monthpriceforecastto1.6 billion in charges across key segments.Goldman Sachs analyst Noah Poponak reiterated a Sell rating on Lockheed Martin and lowered his 12-month price forecast to 398 from $406. He pointed to ongoing problems that could hurt profits, reduce cash flow, and make future earnings less predictable.Poponak noted that the latest charges in classified Aeronautics and helicopter pr ...