Street View: Opportunities abound for Lockheed Martin but execution worries remain

** Lockheed Martin LMT.N reported on Tuesday that its second-quarter profit plunged around 80% after recording a pretax loss of $1.6 billion, mostly linked to an Aeronautics segment program

** The defense group also trimmed its 2025 profit outlook by $1.5 billion

** Median PT of 24 brokerages covering the stock is $496.50 - LSEG data

A SHOW-ME STORY WITH OPERATIONAL CONCERNS

** Citigroup("buy," PT: $600) says the charges due to cost growth for software development raises worries about co's ability to manage complex classified work projects

** "It's not clear to us if there's a structural issue that needs to be addressed or if this is a series of unfortunate events" - brokerage

** Morgan Stanley ("overweight," PT: $530) says while they see bright spots for co with significant contract opportunities ahead, the question is whether it'll remain a value play or if program losses might make it a trap

** TD Cowen ("hold," PT: $420) says the differing heavy charges across programs has turned the stock into a "operational show me" with risks and sustainability questions

** JP Morgan("overweight," PT: $465) says execution remains the prime source of disappointment for co with big charges for the quarter and big drop to its free cash flow for upcoming years