General Dynamics price target lowered to $279 from $295 at Wells Fargo

Wells Fargo lowered the firm’s price target on General Dynamics (GD) to $279 from $295 and keeps an Equal Weight rating on the shares. The firm’s commercial aero view remains cautious on the pace of aero OE build ramp, similar to its December outlook. Wells’ company calls late in Q4 back up this view, the firm adds. For defense, funding concerns and DOGE risk likely remain an overhang, and Q4 is unlikely to offer much clarity.