UBS Reiterates Neutral Rating on General Dynamics Corp. (GD)

UBS analyst Gavin Parsons reiterated a Neutral rating and $381.00 price target on General Dynamics Corp. (NYSE: GD).

The analyst commented, "We leverage Evidence Lab flight data to quantify potential near-term deliveries. Using UBS Evidence Lab aircraft and flight data and Cirium deliveries data, we track pre-delivery flight activity for Gulfstream aircraft as a leading indicator for deliveries. Currently, there are 25 G700 and 10 G800 planes that have flown but have yet to be delivered - a few units higher than this time last year - and although the data is lumpy, the number of flights suggests delivery for 6 G700s and 3 G800s could be imminent (excluding testers)."

For an analyst ratings summary and ratings history on General Dynamics Corp. click here. For more ratings news on General Dynamics Corp. click here.

Shares of General Dynamics Corp. closed at $345.64 yesterday.

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