General Dynamics price target raised to $330 from $320 at RBC Capital

RBC Capital raised the firm’s price target on General Dynamics (GD) to $330 from $320 and keeps an Outperform rating on the shares. The analyst cites the company’s Q3 results and “impressive” 10% total revenue growth, with strong growth in Aerospace and Marine segments. General Dynamics’ Q3 EPS missed estimates due to the fewer G700 deliveries, but the commentary on the G700 delivery outlook was “incrementally positive”, guiding to 27 Q4 deliveries, the analyst tells investors in a research note.