Starbucks (SBUX) is higher by 3% on an upgrade with a $110 price target. Starbucks is looking to rollout new service framework with AI technology to improve efficiency for their network of 18,000 outlets in North America.
Lockheed Martin (LMT) taking a hit, down 4% as Pentagon slashes their orders for F-35 fighters. Lockheed’s F-35 has had issues with delays related to a technology upgrades. The defense contractor delivered 110 F-35 jets to the U.S. and its allies in 2024. The program represents about 30% of Lockheed’s revenue, according to Reuters.
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