J.P. Morgan Raising EPS Estimates ON LMT

Lockheed Martin Corporation (NYSE: LMT) reported an in-line Q4 and provided initial 2011 guidance as expected (ex. pension), “and we made few changes to our operating estimates,” J.P. Morgan reports.

“However, we are raising our EPS estimates due to a reduction in the assumed tax rate to 30% and lower pension expense, particularly in 2012,” J.P. Morgan writes. “We are increasing our 2011 EPS estimate by $0.35 to $7.00.”

Lockheed Martin Corporation closed Thursday at $79.10.