Wall Street analysts have downgraded Lockheed Martin's stock ratings after unveiling of new Chinese stealth fighter prototypes raised concerns about the future demand for the F-35. Analysts, including Deutsche Bank’s Scott Deuschle, shifted from a 'Buy' to 'Hold' rating, citing a weakened thesis on F-35 support due to growing competition. Despite the concerns, evidence that these new jets could outmatch the F-35 is limited, but the potential for reduced F-35 orders by the US military remains a significant worry for investors.
Deutsche Bank analyst Scott Deuschle downgraded Lockheed from Buy to Hold, citing concerns over the F-35's long-term prospects amid China's combat aircraft modernization.
Despite the emergence of the new Chinese jets, there is currently little evidence that they can match the capabilities of the F-35 fighter.
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