PNC Financial Services Group Inc. Purchases 55,056 Shares of Lockheed Martin Corporation $LMT

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PNC Financial Services Group Inc. increased its stake in Lockheed Martin Corporation by 11.5%, purchasing 55,056 shares to now own 535,449 shares valued at $267.3 million. Despite Lockheed Martin missing quarterly EPS estimates, the company’s revenue grew by 9.1% and it benefits from strong defense sector tailwinds. Analysts currently rate Lockheed Martin as a “Hold” with an average target price of $612.50.

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