Wolfe Research analyst Myles Walton downgraded General Dynamics (GD) to Peer Perform from Outperform without a price target The firm cites its estimate cuts, the absence of any noticeable improvement in G700 deliveries and continued Marine unit performance “question marks” for the downgrade. Wolfe expects consensus sales, earnings and cash flow estimates to fall as General Dynamics’ delivery delays continue at the company’s business jet operation.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GD:
- General Dynamics board authorizes additional 10M share buyback
- General Dynamics unit awarded CLS contract from U.S. Air Force
- General Dynamics awarded $5.57B Air Force contract
- Trump vs. Harris: The Stocks Poised to Move After Election Day
- Elbit Systems awarded $127M follow-on contract from General Dynamics