Lockheed Martin appears to be taking aim at lower targets for the coming year. Vertical Research analysts Robert Stallard and Karl Oehlschlaeger say in a research note that the company’s fiscal 2024 guidance looks cautious, with earnings per share forecasts below consensus estimates. They say Lockheed Martin is likely to face similar headwinds to 2023, including delays in F-35 deliveries and lower margins in its Missiles and Fire Control segment. Despite expectations for strong bookings in the next year, the analysts say there’s not much to get too excited about with the stock. They keep their hold rating. Shares fall 4.9% to $436.17.