Wells Fargo raised the firm’s price target on General Dynamics (GD) to $322 from $317 and keeps an Equal Weight rating on the shares. The firm notes General Dynamics guided to 27 G700 deliveries in Q4, which could be difficult to achieve given continued supply chain issues, which held up deliveries in Q2 and Q3.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GD:
- McDonald’s down after outbreak, Starbucks slides after warning: Morning Buzz
- General Dynamics says ‘very strong’ balance sheet
- General Dynamics says pipeline ‘pretty robust’ in Combat Systems
- General Dynamics sees FY24 Aerospace revenue ~$12.3B
- General Dynamics sees Q4 free cash flow greater than 100% of net income