Read up on Lockheed Martin, The Middleby Corporation, Boeing as they approach key price targets in the near term.

A quick recap of where the last trading session ended: Markets completed a mixed session yesterday while Dow Jones closed at 33,619, a 0.17% change. Nasdaq closed the day at 12,257, having gained 0.18%.

What is a Price Target?

A "price target" is an estimate of the future price of a stock based on earnings forecasts and assumed valuation multiples. Price targets are typically generated by respected market analysts who believe a stock to be fairly valued relative to its projected and historical earnings. Target prices are used to evaluate stocks and can help investors evaluate the potential risk/reward profile of a stock. Let's review some industrials stocks and their price targets.

Lockheed Martin active price target: $447.92; currently at $450.96

The global security and aerospace company has recovered almost all of its session losses after dipping down to $450.06 yesterday. Yesterday's fall added to a 6 day bearish run, during which Lockheed Martin lost $13.89. Trading volume totalled 807,664 which equates to around 69% of the stock's 21-day average yesterday.

21 days ago the global security and aerospace company reached a significant high of $501.41 but has consequently lost 9.15% since then. Lockheed Martin has a market cap of $114.78 billion with an average daily trading volume of 1.16 million shares. So far this year, it has been under-performing the S&P by 13.06%. Lockheed Martin has a forecast of $15 billion with an EPS of $6.08.

A persuasive break of this target could lead to higher losses.

Lockheed Martin disclosed a quarterly dividend of $three per share on Thursday, January 26th that was paid on Friday, March 24th to all shareholders of record up until Wednesday, March 1st. Based on current prices, the company's decision thereby provides Lockheed Martin investors with an annual dividend yield of 2.66%.

Middleby (MIDD) Price target: $144.66 | Last price: $145.76 | Daily range: $144.87 – $147.28

Middleby could begin to recover as it approaches significant support, now $1.1 away from $144.66. Dipping below could be an indication that further losses are ahead.

Though in the midst of a 9 day uptrend, gaining a total of 7.73%, ($10.79), yesterday's session suggests run might be coming to an end — the cooking and industrial process equipment company has recovered almost all of its session losses after dipping down to $144.87 yesterday.

Middleby is scheduled to announce earnings results tomorrow. The consensus EPS estimate is 1.96 and the consensus revenue estimate is $970.69 million.

Boeing is trading at $197.26, its target level is $195.89

The aircraft and rotorcraft manufacturer has recovered almost all of its session losses after dipping down to $196.4 yesterday. Yesterday's fall added to a 7 day bearish run, during which Boeing lost $8.44. The day's trading volume totalled 4.31 million shares — slightly under the 21-day average of 5.52 million.

Boeing hit a significant low of $115.86 around 10 months ago, but has since recovered 71.19%. Currently, the aircraft and rotorcraft manufacturer has a market capitalization of $118.67 billion with an average daily volume of 5.52 million shares. So far this year, it has been doing worse than the Dow Jones by 0.48%. Boeing is forecasted to generate revenues of $17.57 billion and EPS of $-1.07.

A convincing break of this target could pave the way for deeper losses.