Wells Fargo has raised its price target on Lockheed Martin to $477 from $432 while maintaining an Equalweight rating. The company specializes in aeronautic, submarine, and aerospace systems, with net sales primarily from aeronautic systems (40.3%) and helicopters, mission, and electronic systems (24.3%). Geographically, 73.9% of sales come from the United States, followed by Europe (10.9%) and Asia/Pacific (8.8%).