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.
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