General Dynamics price target lowered to $315 from $340 at Morgan Stanley

Morgan Stanley analyst Kristine Liwag lowered the firm’s price target on General Dynamics (GD) to $315 from $340 and keeps an Overweight rating on the shares. The 2025 outlook missed consensus estimates for EPS, driving the stock lower, though this may reflect conservatism, particularly at Gulfstream, the analyst tells investors. General Dynamics expressed confidence that headwinds to G700 delivery timelines are largely in the rear view with engines now arriving on schedule, notes the analyst, who calls the risk reduction on G700 deliveries “encouraging.”