Lockheed Martin (LMT) Stock Retreats After Stifel Downgrade

NEW YORK (TheStreet) -- Lockheed Martin (LMT) - Get Report  shares are falling 0.65% to $243.34 on Friday after Stifel Nicolaus cut its rating on the defense contractor to "hold" from "buy."

In a note issued to investors this morning, the firm said the ratings downgrade was primarily a valuation call.

Yesterday, shares were trading higher on reports that the company will likely win a $3 billion order from Denmark for 27 F-35-1 stealth fighters, according to Reuters.

Even though the Danish government backed the order, a final decision by the minority government could still be weeks or months off. 

Based in Bethesda, MD, Lockheed Martin is a security and aerospace company that engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide.

(Lockheed Martin is held in TheStreet's Jim Cramer's charitable trust Action Alerts PLUS. See all of Cramer's holdings with a free trial here.)

Separately, TheStreet Ratings has set a "buy" rating and a score of A+ on Lockheed Martin stock. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that TheStreet Ratings covers.

The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and reasonable valuation levels. TheStreet Ratings feels its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: LMT