Skechers & Lockheed Martin Get Analyst Upgrades: Buy or Hold?
This week’s analyst calls highlight two companies: Skechers (SKX) and Lockheed Martin (LMT). Here’s a closer look and what you should consider before making investment decisions:
1. Skechers Gains Analyst Upgrade
Morgan Stanley upgraded Skechers (SKX) to “Overweight” with a price target of $80. This upgrade reflects their belief in Skechers’ improving financial metrics and operating model. Their analysts also see potential upside to market forecasts for Skechers’ sales, gross margin, and selling, general & administrative (SG&A) expenses.
2. Lockheed Martin Upgraded on Defense Spending
Lockheed Martin (LMT) also received an analyst upgrade, likely driven by positive outlooks for the defense sector. Increased defense spending is anticipated, which could benefit companies like Lockheed Martin.
3. Analyst Calls: Just One Piece of the Puzzle
While analyst upgrades are positive news, they shouldn’t be the sole factor in your investment decisions. It’s crucial to conduct your own thorough research, including:
Analyzing the company’s financials (past performance, future projections)
Assessing industry trends and competitive landscape
Evaluating overall market conditions
Considering your risk tolerance and investment goals
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Analyze company financials: Dig deep into Skechers’ and Lockheed Martin’s financial statements with FMP.
Identify trends: FMP data helps you identify historical trends and potential future directions for both companies.
Make data-driven decisions: Combine fundamental analysis with technical tools to make well-rounded investment choices.
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By conducting your own research and utilizing tools like FMP and WMA, you can analyze analyst calls in context and make investment decisions aligned with your financial goals and risk tolerance. Remember, analyst upgrades are just one piece of the puzzle; a comprehensive approach is key to successful investing.
