Analysts Just Gave Apple Inc. (AAPL), Anadarko Petroleum Corporation (APC) and Three Other Stocks Massive Price Target Hikes

Although defense doesn’t exactly scream growth, many on Wall Street have high expectations for Lockheed Martin Corporation (NYSE:LMT) over the next several years. Count Wells Fargo analyst Sam Pearlstein as one of them, as the analyst sees Lockheed potentially growing its earnings by around 20% a year through 2020. Due to his optimistic growth estimate, Pearlstein raised his price target to $275-$280 from the previous $255-$260. The smart money was also somewhat bullish on the defense stock in the second quarter. According to our data, 39 funds owned shares of Lockheed Martin Corporation (NYSE:LMT) at the end of the second quarter, up 2 funds from the previous quarter.

Analysts at Argus have recently bumped up their price target on Campbell Soup Company (NYSE:CPB) to $55.38 from $47.77. Despite the price target increase, the analyst hedged a bit and lowered their rating on the stock to ‘Hold’ from ‘Buy’. Shares of the company have fallen substantially from their highs in early July and trade for around 17.2 times forward earnings estimates. The number of investors from our database with holdings in Campbell Soup Company (NYSE:CPB) rose by four quarter-over-quarter to 29 at the end of June.

Seeing as how Intel Corporation (NASDAQ:INTC) recently hit a 52-week high and raised its guidance, many analysts are taking note and are hiking their price targets on the semi-conductor giant. Specifically, Canaccord recently raised its price target to $44 from $40, while Nomura hiked its price target to $42 from $38. If PC demand is indeed stronger than expected, Intel’s already safe annual dividend of $1.04 per share will become even more attractive. A total of 57 funds we track were long Intel Corporation (NASDAQ:INTC) at the end of June, up by three funds from the previous quarter.

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