Morgan Stanley analyst Kristine Liwag raised the firm’s price target on General Dynamics to $248 from $243 and keeps an Equal Weight rating on the shares. The company issued an in-line Q4 report, but its 2023 outlook largely came up short of consensus expectations, the analyst tells investors in a research note. However, the firm noted General Dynamics’ guidance "may prove conservative" and they see EPS upside potential from share repurchases.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on GD:
- General Dynamics price target lowered to $222 from $240 at Credit Suisse
- General Dynamics price target lowered to $283 from $298 at Citi
- General Dynamics price target lowered to $268 from $290 at Baird
- 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
Questions or Comments about the article? Write to editor@tipranks.com