Citi analyst Jason Gursky lowered the firm’s price target on General Dynamics to $283 from $298 and keeps a Buy rating on the shares. The company’s Q4 results and guidance "point to a slow grind higher," the analyst tells investors in a research note. The firm remains constructive on the outlook for Aero over the next several years given recent booking trends and management’s desire to reduce customer lead-times for aircraft.
Published first on TheFly
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Read More on GD:
- General Dynamics sees FY23 EPS $12.60-$12.65, consensus $13.90
- General Dynamics expects CapEx to step back down below 2.5% of sales in FY23
- General Dynamics Reports Fourth-Quarter and Full-Year 2022 Financial Results
- General Dynamics CEO says ‘another very strong cash year’
- General Dynamics reports backlog of $91.1B, highest in company’s history
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