BofA raised the firm’s price target on General Dynamics (GD) to $350 from $330 and keeps a Buy rating on the shares. Despite General Dynamics’ Q3 EPS miss due to G700 delivery delays, the firm says it was “encouraged by strong demand across the defense segments” and rolls valuation forward one year.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GD:
- General Dynamics price target raised to $330 from $320 at RBC Capital
- General Dynamics price target lowered to $331 from $343 at Bernstein
- General Dynamics price target raised to $322 from $317 at Wells Fargo
- McDonald’s down after outbreak, Starbucks slides after warning: Morning Buzz
- General Dynamics says ‘very strong’ balance sheet